About Meet Fabric
Meet Fabric is a company based in Brooklyn (United States) founded in 2015 was acquired by Western & Southern Financial Group in January 2022.. Meet Fabric has raised $30.5 million across 5 funding rounds from investors including SVB, Bessemer Venture Partners and Nippon Life Insurance. Meet Fabric offers products and services including Term Life Insurance, Kids’ Investment Account, and Last Will & Testament. Meet Fabric operates in a competitive market with competitors including Ethos, Bestow, Ladder, Dayforward and Fabric, among others.
- Headquarter Brooklyn, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gerber Life Agency, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30.5 M (USD)
in 5 rounds
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Latest Funding Round
$18 M (USD), Series B
Oct 28, 2020
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Investors
SVB
& 15 more
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Employee Count
Employee Count
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Acquired by
Western & Southern Financial Group
(Jan 12, 2022)
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Products & Services of Meet Fabric
Meet Fabric offers a comprehensive portfolio of products and services, including Term Life Insurance, Kids’ Investment Account, and Last Will & Testament. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers coverage to protect family finances during a set term.
Allows investing for children to build future wealth securely.
Free tool for creating wills to document asset distribution wishes.
Unlock access to complete
Funding Insights of Meet Fabric
Meet Fabric has successfully raised a total of $30.5M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $18 million completed in October 2020. 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 Total Funding
- Total Rounds 5
- Last Round Series B — $18.0M
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First Round
First Round
(02 Dec 2015)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series B - Meet Fabric | Valuation | CNO Financial Group , Guardian | |
| Feb, 2018 | Amount | Series A - Meet Fabric | Valuation | Bessemer Venture Partners | |
| Jun, 2017 | Amount | Debt – Conventional - Meet Fabric | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Meet Fabric
Meet Fabric has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Bessemer Venture Partners and Nippon Life Insurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are made in promising startups.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Meet Fabric
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Meet Fabric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Meet Fabric Comparisons
Competitors of Meet Fabric
Meet Fabric operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ethos, Bestow, Ladder, Dayforward and Fabric, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online life insurance platform is operated for individual coverage needs.
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| domain | founded_year | HQ Location |
Online life insurance coverage is delivered via a digital platform.
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| domain | founded_year | HQ Location |
Personalized fitness training plans are provided via an online platform.
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| domain | founded_year | HQ Location |
Life insurance is provided to guarantee income protection.
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| domain | founded_year | HQ Location |
AI-based robots are provided for logistics micro-fulfillment operations.
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| domain | founded_year | HQ Location |
App-based life insurance platform for consumers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Meet Fabric
Frequently Asked Questions about Meet Fabric
When was Meet Fabric founded?
Meet Fabric was founded in 2015.
Where is Meet Fabric located?
Meet Fabric is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Is Meet Fabric a funded company?
Meet Fabric is a funded company, having raised a total of $30.5M across 5 funding rounds to date.
What does Meet Fabric do?
Fabric was founded in 2015 in Brooklyn, United States, operating as an insurtech startup in the life insurance sector. Policies are provided specifically for new parents, with services delivered through online channels. The buying process is handled digitally to support accessibility. Focus remains on term life coverage within the broader insurance industry.
Who are the top competitors of Meet Fabric?
What products or services does Meet Fabric offer?
Meet Fabric offers Term Life Insurance, Kids’ Investment Account, and Last Will & Testament.
Who are Meet Fabric's investors?
Meet Fabric has 16 investors. Key investors include SVB, Bessemer Venture Partners, Nippon Life Insurance, Securian Financial, and Western & Southern Financial Group.
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