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§ Private Profile · London, UK
Digital insurance broker providing term life insurance, wills, and financial protection tools for parents and families.
Based in Brooklyn, New York, Fabric Technologies operates a digital insurance brokerage platform that provides term life policies and family financial protection products. The company targets parents by offering a suite of online tools, including free wills, 529 college savings plans, and mobile applications for organizing household finances. Operating as a licensed agency, the business generates revenue through premiums on the health and life insurance products sold directly through its digital channels. Prior to its acquisition, the enterprise raised $31.28 million in venture funding and successfully served over 60,000 families while placing billions in coverage. Fabric Technologies received financial backing from institutional investors such as Bessemer Venture Partners before being acquired by Western & Southern Financial Group in 2022 to integrate with its Gerber Life brand. The company was founded in 2015 by Adam Erlebacher and Steven Surgnier.
Fabric Technologies has raised $31.0M across 3 funding rounds.
Fabric Technologies has raised $31.0M in total across 3 funding rounds.
Fabric Technologies has raised $31.0M across 3 funding rounds. Most recently, it raised $18.0M Series B in October 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2020 | $18M Series B | CNO Financial Group | Bessemer Venture Partners, Bling Capital, Spero Ventures, Guardian Life, Nippon Life Insurance Company, Samsung Ventures, Securian Ventures | Announced |
| Jun 1, 2018 | $10M Series A | Bessemer Venture Partners | Bling Capital, Spero Ventures, Farron Blanc, Silicon Valley Bank | Announced |
| Mar 1, 2017 | $3M Seed | Bessemer Venture Partners | Bling Capital, BoxGroup, First Round Capital, Flybridge Capital Partners, General Catalyst, Glencrest Group, Gutter Capital, Andrew Wheeler, Independent, Jonathan Golden, Hans Tung, Quiet Capital, Spero Ventures, Trajectory Ventures, Derrick LI, Henry Kravis, Justin Timberlake, Scott Belsky, Wiley Cerilli, KAL Vepuri, Maveron, RED SEA Ventures, Rgax | Announced |
Fabric Health (fabrichealth.com) is a healthcare technology company that builds an AI-powered care enablement system unifying virtual and in-person care across intake, triage, routing, and treatment, automating workflows to help clinicians prioritize patient care over admin tasks.[1] It serves healthcare providers and patients, solving clinical capacity challenges by streamlining care delivery for better access and experiences, with growth from the 2023 acquisition of Zipnosis by Florence (now Fabric).[1] Note: Multiple companies share similar names, including Fabric Technologies, Inc. (insurance, founded 2015)[2], fabric Inc. (AI commerce platform)[3], and Fabric (life insurance, acquired by Western & Southern)[5]; this profile focuses on Fabric Health as the primary tech match.
Fabric's roots trace to 2009 in healthcare technology, founded by physicians, technologists, and patients to address care delivery inefficiencies.[1] A pivotal moment came in 2023 when Florence acquired Zipnosis, expanding beyond hospitals to unify virtual and in-person care, evolving into a versatile platform automating workflows across the care continuum.[1] This acquisition marked continuous growth, with Fabric named to AVIA Marketplace’s 2024 Top Virtual Visits Companies.[1]
Fabric rides the trend of AI-driven healthcare transformation, addressing clinical capacity shortages amid rising demand for hybrid care models post-pandemic.[1] Timing aligns with healthcare's shift toward efficiency tools that "fix" rather than disrupt systems, leveraging virtual visits growth (e.g., 2024 AVIA recognition).[1] Market forces like clinician burnout and patient access gaps favor its workflow automation, influencing the ecosystem by enabling scalable, local care that complements hospitals and expands telehealth adoption.[1]
Fabric is poised to expand its AI care enablement amid accelerating hybrid healthcare adoption, potentially deepening integrations with EHR systems and scaling post-Zipnosis capabilities.[1] Trends like AI triage advancements and value-based care will shape its path, evolving its influence from workflow optimizer to essential infrastructure for boundless, intuitive care everywhere.[1] This positions Fabric to power healthcare's next efficiency wave, tying back to its mission of faster, smarter care.
Fabric Technologies has raised $31.0M in total across 3 funding rounds.
Fabric Technologies's investors include CNO Financial Group, Bessemer Venture Partners, Bling Capital, Spero Ventures, Guardian Life, Nippon Life Insurance Company, Samsung Ventures, Securian Ventures, Farron Blanc, Silicon Valley Bank, BoxGroup, First Round Capital.