Inclined raises $8 million

Inclined Technologies, a San Francisco-based startup making it easier for whole life policyowners to access their cash value, announced the close of its $8 million Series B funding round led by HSCM Ventures, with participation from Northwestern Mutual Future Ventures, and others. The round values Inclined at a premium to its $16.5 million Series A in September 2022.

Inclined works in partnership with whole life advisors to offer policyowners a revolving line of credit known as the Inclined Line of Credit, which is collateralized by the cash value in their policies. Advisors can initiate an application and enable their clients to activate liquidity for a wide range of needs at a “competitive rate.” Policyowners can draw or repay funds at their convenience, with no fees on the Inclined platform. The entire process of applying for an iLOC is fully automated and typically takes less than 15 minutes, according to the company.

“At Northwestern Mutual, our mission is to help Americans build financial security, which includes ensuring our policyowners understand and optimize the value of their whole life insurance policies. Intuitive digital tools, like the Inclined platform, help create the swift, seamless experience our policyowners expect to manage their financial lives.” – Craig Schedler, Vice President – Venture and Corporate Development, Northwestern Mutual Future Ventures.

“We have thousands of whole life insurance advisors actively using the Inclined platform to serve their clients effectively, and that number is growing every day. This funding will allow us to deliver additional product features and value to Northwestern Mutual and other leading whole life insurance carriers to help them unlock the $1.1 trillion currently invested in whole life insurance policies.” – Joshua Wyss, CEO and co-founder of Inclined.