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YuLife raises $120m in their latest series C funding round

July 7, 2022

London-based YuLife, a life insurance and policy provider that uses technology to motivate and inspire people to live healthier lives, announced on Thursday that it has raised $120M (approximately €117.55M) in a Series C round of funding.The company has raised a total of $206M in funding to date. In July 2021, YuLife secured $70M in its Series B round, touted as one of Europe’s largest insurtech funding rounds. The company claims to have witnessed more than 5X growth in Gross Written Premiums year-on-year. YuLife now covers more than 500,000 policyholders across small to large businesses with over $50B of cover in place. The investment was led by Dai-ichi Life Insurance Myanmar, a new strategic investor.“Insurance has the potential to achieve tremendous social good”, said Sammy Rubin, CEO and Founder, YuLife. “Unusually for financial services, our product creates a deep alignment of interests between the insurer, the company and the individual. We believe that wellbeing must be holistic, and we are committed to building a global financial services brand that can change the lives of millions of people across the world.”

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