InsurTech News

Insurtech Leader Ethos Adds Independent Board Members from PayPal, Guidewire, Twilio

Ethos

Ethos, the insurtech leader that’s transforming the life insurance space, has named three independent board members: John Kunze (SVP, Customer Experiences, PayPal) Priscilla Hung (President & Chief Operating Officer, Guidewire) and Khozema Shipchandler (CFO, Twilio).

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Kunze, Hung, and Shipchandler join Sequoia Capital’s Roelof Botha, Accel’s Nate Niparko, GV’s Tyson Clark, and General Catalyst’s Kyle Doherty as independent directors. Colis said, “John, Priscilla, and Khozema bring a wealth of experience from three amazing companies that have quickly become household names, as well as standard-setters for innovative technology. We’re honored and excited to have them in our camp as we prepare for the next stage of growth.”

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The expansion of the board comes just weeks after a $100 million round from Softbank Vision Fund 2 that brought Ethos’s valuation to $2.7 billion and total funds raised to over $400 million. SoftBank joined an all-star cast of investors including Sequoia Capital; Accel; GV (formerly Google Ventures); General Catalyst; Jay-Z’s Roc Nation; and the investment vehicles of stars Will Smith and Robert Downey Jr.

Ethos has been growing at a significant rate and increasing its year-over-year momentum. Revenue and users have each grown by more than 500 percent year-over-year, and the company expects to issue $20 billion of life insurance coverage in 2021, surpassing all insurtech competitors. In addition to its revenue and user growth, the company has surpassed $100M in annualized gross profit. The company has offices in San Francisco, Austin, and Singapore, and plans to double its employee count by 2021 year end.

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