Overalls raises $4.6 million

Overalls closed a $4.6 million funding round led by RPM Ventures , bringing its total funding to $8.6 million.

Founded in 2021, Overalls’ insurtech platform integrates with existing benefits programs and enables companies to help their people save time, money, and stress, while also improving the adoption of voluntary benefits. It aims to improve people’s overall financial resilience and make insurance more relatable and accessible to everyone.

The company (team of ~8) launched last year and has secured partnerships with Allstate Identity Protection, Matic, Boost, and Ladder. Also, it has signed over twenty-five employers to pilot its new offering.

This new funding round will be used to accelerate its market expansion and insurance offerings.

Bottom Line: 8% of insurtech funding is allocated to companies operating a B2B distribution strategy.