About
Bestow provides life insurance technology infrastructure for carriers. Tripled revenue in 2024 with 10x growth over two years. Raised $120M Series D in 2025 from Goldman Sachs and Smith Point Capital; $300M+ total equity funding. Pivoted in 2024: sold carrier/consumer business to Sammons Financial, now focused on B2B SaaS. 100% customer retention, 245% YoY transaction volume growth.
Key Facts
- [1]Founded: Founded in 2016 in Dallas, United States.
- [2]Funding: Total funding: $303M. Last round: Jan 2021. Stage: Late Stage.
- [3]Employees: Employee count: 201-500.
- [4]Website: Official website: bestow.com.
- [5]AI Technology: Core AI/ML technologies: Predictive ML.
- [6]Region: Region: Americas (United States).
Founders
Jonathan Abelmann
Co-founder & CEO
Melbourne O'Banion
Co-founder
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Bestow?
Bestow provides life insurance technology infrastructure for carriers. Tripled revenue in 2024 with 10x growth over two years. Raised $120M Series D in 2025 from Goldman Sachs and Smith Point Capital; $300M+ total equity funding. Pivoted in 2024: sold carrier/consumer business to Sammons Financial, now focused on B2B SaaS. 100% customer retention, 245% YoY transaction volume growth. Bestow is classified in the Insurance segment at the Applications layer of the financial AI stack.
Who founded Bestow?
Bestow was founded by Jonathan Abelmann (Co-founder & CEO) and Melbourne O'Banion (Co-founder) in 2016 in Dallas, United States. The company has been operating for 10 years.
How much funding has Bestow raised?
Bestow has raised $303M in total funding, placing the company at the Late Stage stage. The most recent round closed in Jan 2021. Among 45 funded Insurance companies, Bestow ranks #17 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Bestow use?
Bestow primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Insurance segment, 28 companies use this technology.
What market segment does Bestow operate in?
Bestow operates in the Insurance market segment. AI insurance companies are modernizing one of the oldest financial sectors, applying machine learning to underwriting, claims processing, actuarial modeling, and risk assessment across property, casualty, health, and life insurance lines.
Where is Bestow headquartered?
Bestow is headquartered in Dallas, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Bestow's competitors?
Companies similar to Bestow in the Insurance space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Ramp ($2.3B raised), Brex ($1.5B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Bestow offer?
Bestow builds applications-layer solutions for the financial services industry. The company's core offering: AI-powered life insurance platform. The platform is powered by Predictive ML technology.