We are excited to announce our investment in Plum Life's Series Seed alongside ManchesterStory, Sonostar Ventures, and other angel investors.
Plum Life is a broker general agent (BGA) that develops digital life insurance products in partnership with leading carriers, and offers them on Plum's online portal. Plum's products are sold exclusively through the US independent agent channel.
Read more about why we invested in Plum Life here and check out the press release below!
“The life insurance sector has lagged in insurtech activity despite presenting a unique opportunity to bring digital efficiencies to life distribution and underwriting,” said Kevin McLoughlin, Co-Founder and Partner at MTech Capital. “We’re excited to support the leadership team at Plum Life who have first hand experience of the pain points for both life agents and carriers. Plum's agent platform is truly transformational. We look forward to supporting the company’s future growth.”