Ladder banks $14m for digital life insurance

Digital life insurance startup Ladder has raised $14m in its Series A round.

Canaan Partners led the round with Lightspeed Venture Partners, NYCA and 8VC also contributing.

The California company offers digital life insurance products designed in a way that allows real-time risk management.

Canaan Partners’ Brendan Dickinson said, “Insurance technology is a ripe market for disruption because the current process is completely antiquated.”

Lightspeed Venture Partners led the company’s previous funding round and partner at the firm Will Kohler highlighted Ladder’s experience of the industry.

He said, “To be successful in the fintech space, and in particular insurance tech, you need a blend of industry, product, and marketing expertise, as well as the ability to reimagine how data and distribution coexist.”

Copyright © 2016 FINTECH GLOBAL

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