Life insurance firm Ladder has raised $30m in Series B funding, led by RRE Ventures along with participation from Thomvest Ventures, as well as its existing investors: Canaan Partners, Lightspeed Venture Partners and Nyca Partners.
RRE Ventures co-founder and general partner Stuart Ellman said: "Ladder's full stack approach sets them up to deliver breakthrough innovation in this space.
"We're excited to work alongside this great team as they build the next generation life insurance offering."
The Ladder team has built a proprietary technology from the ground up, enabling the company to quickly iterate on its product to introduce new features that streamline the experience for consumers. Ladder launched its fully-digital life insurance solution in California on January 10, 2017, and has since expanded to nearly every state across the country.
With this latest round of funding, Ladder will continue to develop its platform capabilities and expand its marketing initiatives nationwide. The company recently announced it will also make its digital life insurance offering available to partners via the Ladder API.
Ladder CEO and co-founder Jamie Hale said: "One year ago today, we set out to reinvent life insurance, and I could not be more proud of what our team has accomplished.
"That said, we're just getting started. We will continue to lead innovation in life insurance so more people can get the coverage they want and need."