Investing.com -- Ethos (NSE:ETHO), an insurance technology startup based in Austin, is reportedly considering an initial public offering (IPO) that could take place within the current year. The company has engaged the services of Goldman Sachs Group Inc (NYSE:GS). to help with this endeavor, as per Bloomberg News, citing sources familiar with the situation.
The tech firm, which specializes in insurance, was most recently valued at $2.7 billion. This valuation was established during a funding round in July 2021, led by the investment firm SoftBank (TYO:9984) Vision Fund 2.
Peter Colis, the Chief Executive Officer who also co-founded Ethos, announced in February that the company had achieved a 50% increase in revenue year-over-year in 2024, although he did not disclose detailed figures. The company’s online platform allows users to obtain life insurance coverage of up to $3 million without the need for a medical examination, and the process takes as little as 10 minutes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.