From Insurance Nightmare to $300M+ Powerhouse

This is the story of how two founders turned their personal insurance frustration into a TECH-DRIVEN REVOLUTION. When Melbourne O’Banion couldn’t get life insurance in 2017, he didn’t just complain – he BUILT THE SOLUTION with co-founder Jonathan Abelmann.

“We saw an industry stuck in the 1980s and knew technology could DEMOLISH the barriers.”

Melbourne O’Banion, Bestow Co-Founder

The Pivot That Changed Everything

Bestow didn’t just adapt – it EVOLVED LIKE A TECH BEAST:

• 1M+ applications processed in early D2C days
• COVID acceleration: No-exam platform became ESSENTIAL when traditional medical exams vanished
• 2024 power move: Sold insurance carrier business to focus FULL-THROTTLE on enterprise SaaS

$120M Fuel Injection: Who’s Betting Big

This isn’t just funding – it’s a VOTE OF CONFIDENCE from financial heavyweights:

• Goldman Sachs Growth Equity leading the charge
• Keith Block’s Smith Point Capital (ex-Salesforce co-CEO) co-leading
• $50M credit facility from TriplePoint Capital
• Valuation DOUBLED since 2020 Series C

“Bestow operates in a massive, resilient market that’s STARVING for modern tech. Their SaaS model is crushing legacy competitors.”

Ashwin Gupta, Goldman Sachs

By the Numbers: Growth That Speaks Volumes

• 3X revenue growth in 2024 alone
• 10X growth over two years
• 167 employees powering the machine
• Enterprise clients including Nationwide, USAA, Transamerica

What’s Next? Global Domination

With this war chest, Bestow is:

• Launching new underwriting products
• Expanding platform capabilities
• Eyeing international markets

The insurance industry just got served notice: Digital transformation isn’t coming – it’s HERE.