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Series A

DeadHappy raises £4m Series A funding led by e.ventures and Octopus Ventures to scale its life insurance platform.

The InsurTech company has secured backing from e.ventures and Octopus Ventures to expand its product offerings and technical capabilities.

£4.0MSeries A

DeadHappy operates as a digital life insurance provider offering a pay-as-you-go model and planning platform. The firm enables customers to arrange deathwishes alongside their insurance policies.

DeadHappy has secured £4m in a Series A funding round co-led by e.ventures and seed investor Octopus Ventures. The digital life insurance provider will direct the capital towards scaling its technological infrastructure, expanding its product suite, and growing its team.

Since its launch, the firm has processed tens of thousands of customer applications through its digital platform. The fresh funds will enable the business to accelerate growth and pursue broader distribution channels across the financial services sector.


From the founder

"We’re delighted e.ventures have joined Octopus Ventures in backing our vision. There’s real momentum behind genuinely disruptive insurance propositions, but we see the opportunity for a much broader platform creating different death services, as well as disrupting the world of insurance. Distribution is key for us, we began life as a direct-to-consumer proposition but there’s a big opportunity for us to distribute our products through other brands. We’re pleased to have proved that our product serves the market and now we’re focusing on scaling the business. This funding will help us to expand our technology and create additional products including digital wills, accidental death and critical illness cover. We’re also able to grow our team and relocate to bigger business premises."
PZ

Phil Zeidler

Co-founder at DeadHappy


Investor perspective

"We were impressed by the DeadHappy team and their vision for changing death-related services. They have made excellent progress in a short time, and we look forward to supporting them through this exciting period of growth."
AH

Andreas Haug

Managing Partner, e.ventures


Use of funds

  1. 01Continue product development
  2. 02Grow the team
  3. 03Build out infrastructure

Investors

e

Andreas Haug

e.ventures

Octopus Ventures

Octopus Ventures


About the company

D

DeadHappy

DeadHappy provides digital pay-as-you-go life insurance.

United Kingdom Website
£15.0MRaised