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Fabric News

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

By Adam ErlebacherJun 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!

Does your family rely on your income? Fabric makes it easy to apply for a term life insurance policy in minutes.

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).

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Written by

Adam Erlebacher

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© 2021 Fabric Insurance Agency, LLC

Fabric Instant is an Accidental Death Insurance Policy (Form VL-ADH1 with state variations where applicable) and Fabric Premium is a Term Life Insurance Policy (Form ICC16-VLT, ICC16-VLT19, and CMP 0501 with state variations where applicable). 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). Coverage may not be available in all states. Issuance of coverage for Fabric Premium 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, accident, and health 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.

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