Ethos, the aggregation authoritative simple, ethical activity insurance, today appear it aloft a $60 actor Series C costs led by GV (formerly Google Ventures).
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The acceptable activity allowance appliance archetypal hasn’t advisedly acquired in 150 years. The actual appliance action is long, complex, and invasive – generally acute medical exams and weeks of paperwork. The all-over convenance of employing commissioned allowance agents can beggarly agents are incentivized to accomplish a sale, not to accretion the action that is appropriate for the individual. Incentives are fundamentally misaligned. These anachronous practices are one acumen a massive advantage gap exists in the U.S. Seventy percent of Americans accede activity allowance a necessity, yet 41 percent accept no advantage at all.
Ethos was founded on the abolitionist abstraction that anybody deserves admission to ethically designed, easy-to-understand appellation activity allowance behavior tailored to fit people’s lives. Ethos is a avant-garde in appliance predictive analytics and adult abstracts technologies to annihilate the acceptable barriers befitting bodies from accepting coverage. The aftereffect is an appliance action that takes account instead of weeks, no medical exams for best applicants, no commissioned agents, and a activity allowance aggregation that prioritizes bodies over profit.
“Since our aboriginal advance in Ethos aftermost year, we’ve been consistently afflicted by the company’s charge to growth, chump traction, and beheading to date,” said Tyson Clark, General Partner at GV. “With the company’s artefact adverse and atypical access to avant-garde activity insurance, Ethos is well-positioned to agitate a $100 billion industry.”
This latest annular of costs comes afterwards cogent aggregation growth. Ethos has quadrupled acquirement back October 2018 and appear several basic administration hires, including Head of Finance David Zhang and VP of Allowance Phil Murphy. The aggregation is additionally active added chump acquisition, insuring bags of new families. The Series C allotment will ammunition connected momentum, acknowledging artefact refinement, abstruse aggregation hires, and ultimately, the adeptness to assure added families.
“Getting activity allowance is one of the best affectionate banking choices addition can make. You shouldn’t accept to abide what’s about a medical and banking band chase in adjustment to assure your family,” said Peter Colis, Ethos CEO and Co-Founder. “What makes Ethos altered from added providers is our amount ethics are accumbent with the expectations of American families: activity allowance should be accessible and ethical. We aren’t motivated by capitalizing on individuals. Instead, we accomplish choices like right-sizing behavior for customers, so they accept the best advantage for their families after anytime advantageous added than they should.”
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