Sign In
Get Started
Get the App
Modern Family Finances

$10M in New Funding to Support Fabric’s Mission

By Adam Erlebacher Jun 19, 2018

We couldn’t be more excited to announce that Bessemer Venture Partners has led a $10 million Series A investment in Fabric, with participation from the global reinsurance giant RGA, existing investors, and Silicon Valley Bank, which provided a credit facility.

We launched Fabric a little over a year ago to help all families achieve financial security. We’re now proud to be serving thousands of families who have purchased insurance coverage through us.

What’s special about Fabric is that everyone here cares deeply about providing a service that is easy to understand, affordable, and hassle-free. The numbers show that we are on the right path. In fact, two in three members who purchased Fabric Instant did so on their very first visit.

We accomplish that ease of use by combining world-class engineering and design with our commitment to help families achieve financial security. And importantly for our members, policies are issued by Vantis Life, an “A+” rated insurer founded in 1942. (How do life insurance ratings agencies work?)

Busy parents deserve better than endless meetings with agents and complicated life insurance products. Fabric is here to change that.

We are just getting started, and with this new round of financing, we are doubling down on our commitment to helping make financial protection easy for new families. If this is your first time visiting us, please have a look around, and if you want to have a real impact on families’ lives, come join us!

Fabric exists to help young families master their money. Our articles abide by strict editorial standards.

Fabric Insurance Agency, LLC offers a mobile experience for people on-the-go who want an easy and fast way to purchase life insurance. Policies are issued by Vantis Life Insurance Company. (Vantis Life), Windsor, CT (all states except NY), and by Vantis Life Insurance Company of New York, Brewster, NY (NY only).


Subscribe to our newsletter


Written by

Adam Erlebacher

Related Posts

Modern Family Finances

Your Winter Checklist: How to Prep Your Finances for the New Year

No time + needing to look after the ones you love = a quarterly checklist to help keep you on track, so you can get back to wiping boogers and giving snuggles.

By Allison Kade
Modern Family Finances

Your Fall Money Checklist: 5 To-Dos

As you get back in the swing of the daily grind, we’ve got some money to-dos to keep your financial life chugging along smoothly.

By Allison Kade
Modern Family Finances

5 Quick Ways to Stay on Top of Your Money This Summer

Summer’s about taking it easy - but also using your breathing room to feel on top of your game. Here are 5 to-dos to keep you on your game.

By Allison Kade

Fabric Picks

Life Insurance 101

What Is Permanent Life Insurance?

Whole life insurance provides coverage throughout your life. That’s different from term life insurance, which only covers you for a specific period of time.

By Sarah Li Cain
Life Insurance 101

Life Insurance Regulations: Who Oversees Life Insurance Companies?

Life insurance is supposed to provide you with peace of mind, but who’s making sure the insurance company can deliver on their promises?

By Jessica Sillers
Modern Family Finances

What You Should Know About Your Emergency Fund During COVID

The pandemic and economic challenges mean some families have exhausted their emergency cash. Here’s how to prepare for (and deal with) the worst.

By Jessica Sillers

About Fabric

iOS

/

Android

Subscribe to our newsletter

© 2021 Fabric Insurance Agency, LLC

Accidental Death Insurance policies (Form VL-ADH1 with state variations where applicable) and Term Life Insurance policies (Form ICC16-VLT, ICC19-VLT2, and CMP 0501 with state variations where applicable) are issued by Vantis Life Insurance Company (Vantis Life), Windsor, CT (all states except NY), and by The Penn Insurance and Annuity Company of New York (NY only). Coverage may not be available in all states. Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of Vantis Life.

Fabric Insurance Agency, LLC (FIA) is an insurance agency licensed to sell life and accident insurance products. FIA will receive compensation from Vantis Life for such sales. The NAIC Company Code for Vantis Life is 68632. See the Terms of Use for additional information regarding FIA.

Plan like a parent. is a trademark of Fabric Technologies, Inc.