Ethos Technologies, Inc. (DBA: Ethos Life) is a company that provides affordable and accessible life insurance with a focus on ethical practices. Founded in 2016 by Peter Colis and Lingke Wang, the company aims to make the life insurance process straightforward and customer-friendly. Ethos Life has redesigned the application process to prioritize the needs of its customers, offering flexible coverage options, eliminating unnecessary hassles, and providing access to valuable online tools. The company partners with respected and highly-rated insurance carriers to ensure that its customers receive reliable coverage. Ethos Life’s commitment to ethical practices and customer satisfaction is further demonstrated through its initiative “Ethos for Good,” which aims to protect families, build trust in the life insurance industry, and inspire positive impact in communities.
Ethos Life has raised $401.69 million over five rounds, with its most recent round being a $100 million Series D-1 on July 21, 2021, which valued the company at roughly $2.7 billion at $6.52 PPPS. Investors include Softbank, General Catalyst, Sequoia, Accel, Google Ventures, Glade Brook Capital Partners, Roc Nation, Goldman Sachs, Arrive, Stanford University, Downey Ventures, and Durant Company.
Since its last round, Ethos Life has filed two consecutive Employee Plan Exemption Notices (EPENs) that indicate a 14.2% decrease in the price of common shares issued to company executives. This marks down Ethos Life’s valuation to $2,306,536,409.
See how Ethos Life is performing against the Prime Unicorn Index below.
