Modern Life raises $20 million in Series A funding led by Thrive Capital to enhance its AI-powered life insurance platform for advisors.
Amount Raised
$20 Million
Round Type
Series A
New YorkFinancial ServicesArtificial IntelligenceFinanceFintechMachine LearningInsurtechInsuranceInvestors
Description
Modern Life, the AI-powered life insurance brokerage, announced today that it has raised $20 million in Series A funding. The round was led by Thrive Capital, with participation from New York Life Ventures, Northwestern Mutual Future Ventures, and Allegis. This new funding builds on its previous $15 million seed round to fuel further growth and product development. The capital will help expand its strategic partnerships and accelerate the development of its proprietary platform.
Quick answer
Modern Life raised $20 Million in a Series A round, dated November 19, 2025. Investors: New York Life Ventures, Northwestern Mutual Future Ventures, Allegis and Thrive Capital. Modern Life is based in New York, New York, United States.
- How much did Modern Life raise?
- Modern Life raised $20 Million in a Series A round on November 19, 2025.
- Who invested in Modern Life?
- New York Life Ventures, Northwestern Mutual Future Ventures, Allegis and Thrive Capital are named as investors in this round.
- What does Modern Life do?
- Modern Life is a leading, AI-powered life insurance brokerage helping financial professionals deliver better outcomes for their clients.
- Where is Modern Life based and how big is it?
- Modern Life is based in New York, New York, United States. Fundz records about 44 employees.
- Who are the decision-makers at Modern Life?
- Fundz holds 5 contacts at Modern Life, including the Chief Distribution Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Modern Life that raised within 45 days of this round, from Fundz verified event records.
- OnCorps AI raised $55M on December 11, 2025.
- Resistant AI raised $25M (Series B) on October 13, 2025.
- RockFlow raised $10M (Funding Round) on November 27, 2025.
- Dost raised $7.8M (Series A) on November 19, 2025.
- Cursor raised $2.3B (Funding Round) on November 13, 2025.
- Beeline Holdings raised $7.4M (Post-IPO Equity) on November 12, 2025.
Who to call at Modern Life, and when
A new round usually means Modern Life is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Modern Life raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Modern Life, from your own LinkedIn network
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Funding Insights
What this usually meansModern Life raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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