The funding round was led by Unusual Ventures with backing from Fidelity International Strategic Ventures and Clocktower Ventures.
"We live in the age of data overflow- everything from geopolitics to financial filings, to social media and news. It’s often overwhelming and easy to get lost in the noise. But good investment decisions require clarity, and that is where AI can play an unrivalled role – by lifting us from the valley to the mountain top, so we can choose the paths we want to take by seeing where every path leads and how they connect."
The seed round was co-led by CRV and Earlybird to support team expansion and new banking integrations.
"We literally watched them use a spreadsheet with one hand to count payments and cash with a bank file on the other hand to manually send money to their customers. It was both inefficient and antiquated. Once we saw the problem, we knew there had to be a better way and became determined to create it."
The seed round was led by InMotion Ventures with participation from VentureFriends, BCI, Clocktower Ventures, and angel investors to fund product development.
"Like many people, I went into it without a clear idea of how much I should spend or could afford."
Kuvi Capital led the seed investment alongside Clocktower Ventures and Form Ventures to support platform growth.
"Everyone deserves the right and opportunity to take care of their loved ones. Currently, 38 million families are unprotected and uninsured each year. We, at Bequest, want to make sure everyone is covered by making it relatable, accessible and something that does not cost an arm and a leg. If you look at the life insurance industry, it is out-of-date and overly complex with jargon that has plagued it for hundreds of years. Ultimately, people want life insurance online, want it quickly and want more knowledge and support – we have seen that in the hugely positive response to date to our product. With this latest funding we can now supercharge our growth and become the all-of-life platform for the millennial generation"
Octopus Ventures led the seed round to support international expansion and product development.
"There’s a huge commercial opportunity for businesses that demonstrate strong sustainability credentials but for most, it’s extremely difficult to achieve. Minimum is a game-changer because it embeds real-time emissions tracking directly into the business itself, and businesses can neutralize the emissions they are actually accountable for, rather than an arbitrary amount. Not only can this help them make their operations carbon neutral by default, but armed with an understanding of their carbon impact companies can provide much-needed carbon transparency to their customers and are better equipped to continuously improve the sustainability of their processes."
