LOUISVILLE, Ky.–(BUSINESS WIRE)–DPL Financial Partners, the leading platform for commission-free annuities, today announced the closing of a Series C funding round of $23 million in primary capital. The round was led by Eos Ventures and included participation by TIAA Ventures and other strategic insurance investors.
This round represents the first investments in the company by insurers.
“It’s been exciting to see such strong interest from industry specialist investors and strategics who are investing in DPL because of the innovation we are driving in the industry,” said David Lau, DPL founder and CEO. “Having the support of leading insurers validates our business thesis, and we are aligned in our commitment to bring disruptive products and technology to market that empower advisors as fiduciaries and put investors first.”
