About Dayforward
Dayforward is a Financial Services company based in New York (United States) founded in 2020 by Mallika Khandelwal. Life insurance is provided to guarantee income protection. It operates on a InsurTech model. Dayforward has raised $45 million across 2 funding rounds from investors including Munich Re, AXA Venture Partners and Juxtapose. Dayforward has completed 2 acquisitions, including Commercial Travelers Mutual Insurance and studentplanscenter.com. Dayforward offers products and services including Life Insurance. Its focus areas include Insurance and Life Insurance. Its legal entity is Dayforward Inc. Its competitors include Ethos, Bestow and Ladder; 3 of its 3 listed competitors have raised funding.
Company details
Life insurance solutions are offered by Dayforward to ensure income protection for customers. The focus is placed on financial security within the insurance sector. Services are designed to support families and individuals with tailored policies.
- Headquarters New York, United States
- Founders Mallika Khandelwal
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website dayforward.com
- Social LinkedIn X Facebook
- Legal Name Dayforward Inc
- Total Equity Funding$45M (USD)
in 2 rounds
- Latest Funding Round$25M (USD), Series B
Jan 2023
- InvestorsMunich Re
& 4 more
- Investments & Acquisitions
Products & Services of Dayforward
Dayforward offers a comprehensive portfolio of products and services, including Life Insurance.
Life insurance is offered to guarantee income protection.
Funding Insights of Dayforward
Dayforward has successfully raised a total of $45M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $45M
- Total Rounds 2
- Last Round Series B — $25M
- First Round $20M
(Dec 2020)
- Investors Count 5
All 2 funding rounds of Dayforward with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2023 | $25M | Series B | – | AXA Venture Partners | |
| Dec 2020 | $20M | Series A | – | Juxtapose, TVP | – |
5 investors in total: 5 institutional.
Investors in Dayforward
Dayforward has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Munich Re, AXA Venture Partners and Juxtapose.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Technology businesses are invested in and developed by Juxtapose. | juxtapose.com | |||
Seed and early-stage investments are focused on French tech firms. | 2013 | axavp.com | Paris, France | |
Early-stage tech startups in regulated markets are funded by TVP. | tusk.vc | New York, United States | ||
Hudson Structured Capital Management is engaged in investment across insurance and transportation sectors. | 2009 | hudsonstructured.com | Stamford, United States | |
Platform offering insurance risk management solutions | 1880 | munichre.com | Munich, Germany |
Investor details for Dayforward
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Dayforward
10 people are tracked at Dayforward (9 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Mallika Khandelwal | Co-Founder | Leadership |
Zoe Anna Nolan | Chief Operating Officer | Leadership |
Beth Jalbert | Director Of Compliance | Leadership |
Beth Jalbert ACS, AIAA, AIRC, ALMI | Director of Compliance | Leadership |
Zarina Mendoza | Director Of Customer Experience | Leadership |
Aaron Shapiro | Chief Executive Officer | Leadership |
Austin Riendeau | VP Of Engineering | Leadership |
Nina Butenko | Director of Finance | Leadership |
Zohaib Rathore | Chief Financial Officer | Leadership |
Lizz Robbins | Software Developer | Team |
Complete people profiles for Dayforward
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Investments & Acquisitions by Dayforward
Dayforward has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Commercial Travelers Mutual Insurance and studentplanscenter.com.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Student accident insurance solutions are provided online. | studentplanscenter.com | 2001 | Jan 2023 | •••• | ||
Healthcare and insurance services are provided to policyholders. | commercialtravelers.com | Utica, United States | 1997 | Jan 2023 | •••• |
Complete acquisition details for Dayforward
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Dayforward
5 dated milestones of Dayforward across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Dayforward is founded.
- Funding First funding round of $20.0M.
- Funding Latest funding round, Series B, of $25.0M.
- Acquisition Acquires studentplanscenter.com.
- Acquisition Acquires Commercial Travelers Mutual Insurance.
Competitors of Dayforward
Dayforward has 3 listed competitors in our database, 3 of them funded. They include Ethos, Bestow and Ladder.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ethoslife.com | 2016 | San Francisco, United States | $408.5M | 110 | Online life insurance platform is operated for individual coverage needs. | |
| bestow.com | 2016 | Dallas, United States | $140.61M | 218 | Online life insurance coverage is delivered via a digital platform. | |
| joinladder.com | 2015 | Austin, United States | $37.54M | Personalized fitness training plans are provided via an online platform. |
Detailed competitors of Dayforward
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Top companies in Insurance Providers
3 companies that operate in the same segment as Dayforward (Insurance Providers) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | 549 | ||
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 |
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Related news about Dayforward
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Frequently Asked Questions about Dayforward
Dayforward was founded in 2020.
Dayforward is headquartered in New York, United States. It is registered at New York, New York, United States.
Dayforward is a funded company, having raised a total of $45M across 2 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Dec 2020.
Life insurance solutions are offered by Dayforward to ensure income protection for customers. The focus is placed on financial security within the insurance sector. Services are designed to support families and individuals with tailored policies.
Dayforward offers Life Insurance.
Dayforward has made 2 acquisitions, including Commercial Travelers Mutual Insurance, and studentplanscenter.com.
Dayforward has 5 investors. Key investors include Munich Re, AXA Venture Partners, Juxtapose, Hudson Structured Capital Management, and TVP.
Dayforward operates through Dayforward Inc.