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Venture Capital Prowls into the Life-Insurance Business
Canaan Partners leads a new funding round for startup Ladder Financial
An early investor in the online-lending boom has turned its sights to life insurance.
Ladder Financial Inc., a Silicon Valley startup that offers term-life-insurance policies for California residents, said Wednesday it raised $14 million in a new fundraising round led by Canaan Partners. The venture-capital firm was one of the first outside investors in LendingClub Corp., a pioneer in financial technology.
Insurance is becoming a fashionable bet. Competition in online lending has become more intense, and investors have become more skeptical of loan quality. More venture capitalists now are looking at new companies that want to displace the insurance agent, rather than the loan officer.
Read the rest at: Venture Capital Prowls into the Life-Insurance Business - WSJ
Canaan Partners leads a new funding round for startup Ladder Financial
An early investor in the online-lending boom has turned its sights to life insurance.
Ladder Financial Inc., a Silicon Valley startup that offers term-life-insurance policies for California residents, said Wednesday it raised $14 million in a new fundraising round led by Canaan Partners. The venture-capital firm was one of the first outside investors in LendingClub Corp., a pioneer in financial technology.
Insurance is becoming a fashionable bet. Competition in online lending has become more intense, and investors have become more skeptical of loan quality. More venture capitalists now are looking at new companies that want to displace the insurance agent, rather than the loan officer.
Read the rest at: Venture Capital Prowls into the Life-Insurance Business - WSJ
