Assured Allies, an Israeli insurtech company that specialises on retirement savings has today announced their completion of $42.5 million for Series B funding round, taking the gross amount raised by Assured Allies to $65 million.
Making up the list of the funding round were FinTLV Ventures and Harel Insurance Investments. Another set of co-funders and investors that collaborated with Assured Allies in the Series B funding round were Hamilton Lane, New Era Capital Partners, Poalim Equity, Lumir, Core Innovation Capital, EquiTrust Life Insurance Company, Akilia Partners and Samsung Next.
Assured Allies provides comprehensive assessments for seniors that take into account their health, cognitive, and psychosocial needs. These assessments are designed to help caregivers and healthcare providers create personalized care plans that address the unique needs of each individual.
This $42.4 million funding comes a year after Assured Allies bagged multiple partnerships with top care insurance companies, while realising a massive growth in the number of users using the Assured Allies platform.
This tremendous growth according to the CEO of Assured Allie, Roee Nahir, is seen as a successful age for the Israeli-based insurtech company.
Speaking on the needs for Assured Allies to increase their innovative products and solutions, Roee Nahir, the cofounder and CEO of Assured Allies noted that: “The need for innovative long-term care solutions for the aging population has never been greater. With the US longevity economy valued at over $8 trillion, this is a blue ocean opportunity that is finally being accessed through technology.”
Adding also, the CEO said: “We experienced rapid growth this past year despite the macro economic climate, and we are only just scratching the surface. This coming year we expect continued growth, as we focus on making AgeAssured available to more policyholders and expanding the carrier and partner network for NeverStop. We look forward to bringing more innovative products to the long-term care insurance market and the 90 million Americans over the age of 55.”
Founded in 2018 by Nahir and Afik Gal, Assured Allies was birthed with the aim of catering for family members who were aged. Making use of powerful technological tools like predicative analysis, human support tools, Assured Allies has offered impactful retirement products, services and programs to its users.