LifeRaft (Life and Health Insurance) Overview
- Year Founded
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2020
- Status
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Acquired/Merged
- Employees
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15
- Latest Deal Type
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M&A
LifeRaft (Life and Health Insurance) General Information
Description
Operator of a health insurance platform intended to address surprise-covered hospitalizations and their possible financial impact. The company's platform facilitates simple, cost-effective, and flexible insurance by paying cash benefits directly, enabling users to protect themselves from unexpected healthcare costs.
Contact Information
Website
www.liferaft.co(Operating Subsidiary)
Corporate Office
- 8605 Santa Monica Boulevard PMB 38776
- West Hollywood, CA 90069
- United States
Corporate Office
- 8605 Santa Monica Boulevard PMB 38776
- West Hollywood, CA 90069
- United States
LifeRaft (Life and Health Insurance) Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 3. Merger/Acquisition | 07-May-2025 | Completed | Generating Revenue | |||
| 2. Seed Round | 01-Jan-2023 | Completed | Generating Revenue | |||
| 1. Seed Round | 22-Dec-2020 | $3.5M | $3.5M | Completed | Generating Revenue |
LifeRaft (Life and Health Insurance) Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Seed-II | ||||||||
| Seed | ||||||||
| Series Founder | 7,980,000 | $0.000100 | 8% | $0 | $0 | 1x | $0 | 0% |
LifeRaft (Life and Health Insurance) Comparisons
Industry
Financing
Details
LifeRaft (Life and Health Insurance) Competitors (1)
One of LifeRaft (Life and Health Insurance)’s competitors is Surest, a Formerly VC-backed company based in Minneapolis, MN.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Surest | Formerly VC-backed | Minneapolis, MN |
LifeRaft (Life and Health Insurance) Related Research & Analysis
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LifeRaft (Life and Health Insurance) Signals
Growth Rate
Growth
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Majestic Referring Domains
LifeRaft (Life and Health Insurance) Former Investors (8)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Brighter Capital | Venture Capital | Minority | ||
| Costanoa Ventures | Venture Capital | Minority | ||
| Leadout Capital | Venture Capital | Minority | ||
| Oceans Ventures | Venture Capital | Minority | ||
| Angel (individual) | Minority |
LifeRaft (Life and Health Insurance) FAQs
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When was LifeRaft (Life and Health Insurance) founded?
LifeRaft (Life and Health Insurance) was founded in 2020.
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Where is LifeRaft (Life and Health Insurance) headquartered?
LifeRaft (Life and Health Insurance) is headquartered in West Hollywood, CA.
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What is the size of LifeRaft (Life and Health Insurance)?
LifeRaft (Life and Health Insurance) has 15 total employees.
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What industry is LifeRaft (Life and Health Insurance) in?
LifeRaft (Life and Health Insurance)’s primary industry is Life and Health Insurance.
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Is LifeRaft (Life and Health Insurance) a private or public company?
LifeRaft (Life and Health Insurance) is a Private company.
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What is LifeRaft (Life and Health Insurance)’s current revenue?
The current revenue for LifeRaft (Life and Health Insurance) is .
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How much funding has LifeRaft (Life and Health Insurance) raised over time?
LifeRaft (Life and Health Insurance) has raised $8.5M.
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Who are LifeRaft (Life and Health Insurance)’s investors?
Brighter Capital, Costanoa Ventures, Leadout Capital, Oceans Ventures, and are 5 of 8 investors who have invested in LifeRaft (Life and Health Insurance).
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Who are LifeRaft (Life and Health Insurance)’s competitors?
Surest is a competitor of LifeRaft (Life and Health Insurance).
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When was LifeRaft (Life and Health Insurance) acquired?
LifeRaft (Life and Health Insurance) was acquired on 07-May-2025.
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Who acquired LifeRaft (Life and Health Insurance)?
LifeRaft (Life and Health Insurance) was acquired by Vitable (Clinics/Outpatient Services).
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