CMFG Ventures
Facts
- HQ
- Seattle
- Sectors
- Insurance, Life insurance, Startup
Tred raises $25M Series B to expand online used-car marketplace, totaling $37M in funding
Tred, an online peer-to-peer used-car marketplace, raised $25 million in a Series B to expand its platform, products, locations and engineering team, bringing total funding to $37 million. The company offers end-to-end services—test drives, delivery, financing, protection and fraud checks—and has grown from a 2012 Techstars Seattle startup to operations in multiple U.S. markets.
Jenny Life raises $3.5M after 800% engagement surge as COVID-19 drives demand for quick, no-exam policies
Seattle life-insurance startup Jenny Life raised $3.5 million in a Series A to fuel growth after reporting an 800% spike in customer engagement tied to the COVID-19 outbreak. Founded in 2017 by Chirag Pancholi and Lief Larson, the company offers quick, no-exam policies aimed at women and mothers and attracted investment from CMFG Ventures and other backers.