Corporate investors Northwestern Mutual Future Ventures and Securian Ventures returned for a CMFG Ventures-backed round that boosted Gabi's overall funding to $39m.
US-based insurance automation app developer Gabi Insurance has raised $27m from investors including insurer Cuna Mutual and financial services firms Securian and Northwestern Mutual, VentureBeat reported yesterday.
The round was led by Abu Dhabi sovereign wealth fund Mubadala Investment’s Mubadala Capital unit and also featured Canvas Ventures, Correlation Ventures, A.Capital Ventures, Project A, Burst Capital and AngelList.
Northwestern Mutual, Cuna and Securian participated through corporate venture capital vehicles Northwestern Mutual Future Ventures, CMFG Ventures and Securian Ventures respectively.
Gabi has…
