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

Information provided is general and educational in nature and is not intended to be, and should not be construed as, financial, legal, or tax advice. Laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy, or completeness of this information. Federal and state laws and regulations are complex and are subject to change. We make no warranties with regard to the information or results obtained by its use, and disclaim any liability arising out of your use of, or reliance on, the information.

Fabric by Gerber Life offers a mobile experience for people on-the-go who want an easy and fast way to purchase life insurance.


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Written by

Adam Erlebacher

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© 2022 Gerber Life Agency, LLC

Term Life Insurance Policy Series ICC22 2205-4004 WSA and Accelerated Death Benefit Rider policy series ICC22 2205-2623 WSA (and state variations where applicable) issued by Western-Southern Life Assurance Company, Cincinnati, OH which operates in DC and all states except NY, and distributed by Gerber Life Agency, LLC using Fabric Technologies. Gerber Life Agency, LLC is an affiliate of Gerber Life Insurance Company (est. 1967). All are members of Western & Southern Financial Group (Western & Southern). 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. Product provisions, availability, definitions and benefits may vary by state. Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing company.

All sample pricing is based on a 30-year old F in Excellent health for the coverage amount shown and a 10-year term policy, unless otherwise stated. Gerber Life Agency, LLC (GLA) is an insurance agency licensed to sell life insurance products. GLA will receive compensation from Western-Southern Life Assurance Company for such sales. The NAIC Company Code for Western-Southern Life Assurance Company is 92622.

Western-Southern Life Assurance Company's A+ Superior A.M. Best Rating: Superior ability to meet ongoing insurance obligations (second highest of 13 ratings; rating held since June 2009). Ratings are subject to change from time to time. The ratings shown here are correct as of 09/03/2022. For more information about a particular rating or rating agency, please visit the website of the relevant agency.

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

Gerber Life is a registered trademark. Used under license from Société des Produits Nestlé S.A. and Gerber Products Company.

In the State of California, Gerber Life Agency, LLC is known as and does business as Gerber Life Insurance Agency, LLC.