FFCON21 Breaking Barriers May 11-13, 2021

Canadian Insurtech Breathe Life Secures C$4.5 Million Through Latest Seed Funding Round Led By Diagram Ventures

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Breathe Lifebreath life insurtech - Canadian Insurtech Breathe Life Secures C$4.5 Million Through Latest Seed Funding Round Led By Diagram Ventures, a Canada-based insurtech startup, has recently secured C$4.5 million through its latest seed funding round, which was led by Diagram Ventures with participation from Real Ventures.

Founded in 2017, Breathe Life reports that its platform delivers a “modern customer-centric experience” with tools and analytics that are “reshaping’ the insurance industry and driving business growth. The company explained:

By transforming the distribution of life insurance from pen and paper to digital, consumers can purchase products on their own from the comfort of their home, and financial advisors can move faster and reach new audiences by using our software solution. Our platform of both consumer and broker facing solutions is helping insurance experts communicate with, learn more about and distribute insurance products to a much broader audience in a faster and more efficient way.”

See:  The state of Canadian FinTech in four charts

According to Verdict, Breathe Life Co-Founder and CEO Ian Jeffrey, stated that the life insurance industry faces distribution challenges as more customers are expecting more of a fast and seamless digital buying experience and that Breathe Life is helping distributors tap into vast and underserved markets with digital solutions that make it more efficient and cost-effective both to find and acquire new customers and nurture existing ones.

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NCFA Jan 2018 resize - Canadian Insurtech Breathe Life Secures C$4.5 Million Through Latest Seed Funding Round Led By Diagram Ventures The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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