Life5 is a Spanish insurtech that offers flexible life insurance products. The company focuses on digital, personalized life-insurance experiences and plans to expand internationally. It will use the new funding to develop technology solutions, grow its team, and improve infrastructure. Life5 reported a tenfold revenue increase over the last year; in its first fiscal year (2021) it generated approximately €60,000 in revenue. The company operates in the flexible life insurance market and is based in Madrid, Spain. Getlife offers a digital life-insurance platform and underwriting engine that matches customers to appropriate insurance products based on an extended questionnaire, without requiring medical exams. The company says it can accept 85% of applicants immediately, versus an estimated 55% acceptance rate at traditional insurers. Getlife partners directly with insurers and reinsurers such as Axa and CNP Assurances and operates more like a managing general agent than a simple broker. It plans to improve underwriting with predictive analytics by combining first-party customer data and third-party data to better assess risk across geographies. The startup is live in Spain and expects to launch in France and Germany soon. Financially, Getlife recently completed a seed funding round and had previously raised a €1 million pre-seed round.

Total raised

$17M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2023