Afficiency
New York, US · Founded 2016 · Delaware corporation · 29 employees on LinkedIn · 2 known investors
Afficiency builds a digital platform for purchasing life insurance, aiming to make the buying process fully digital and accessible. It serves insurance carriers and distributors to power their digital life insurance offerings.
Founders & leadership
SM
Scafaro MarkNamed on SEC filing
RA
Ravi ArasaninNamed on SEC filing
Board
Investors · 2
Reported raises · per SEC filings
Form D private placements$11.1M disclosed across 2 rounds · 2020–2022
▶$8MraisedAug 2022 · 5 investors · Other TechnologyRule 506(b)
▶$8MraisedAug 2022 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Richard VitonDirector
- Maor AmarDirector
- Ravi ArasanDirector
- Mark ScafaroExecutive Officer, Director
- Offering amount
- $8M
- Amount sold
- $8M
- First sale
- Mar 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$3.1MraisedFeb 2020 · 6 investors · Other TechnologyRule 506(b)
▶$3.1MraisedFeb 2020 · 6 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Scafaro MarkExecutive Officer, Director
- Ravi ArasanDirector, Promoter
- Steve GerberDirector
- Maor AmarDirector
- Offering amount
- $3.1M
- Amount sold
- $3.1M
- First sale
- Feb 2020
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 2
by search overlap
Libertymutual38 shared keywordsLiberty Mutual is an insurance provider offering personal insurance products including car, home, homeowners, and renters coverage to consumers. The company provides online quotes, claims handling, and support through both its website and mobile app.
Prosperitylife17 shared keywordsProsperity Life Group is a life insurance organization offering universal life insurance, annuities, reinsurance, and capital solutions to individuals and institutional clients. The company manages over $29 billion in assets and has over a century of experience in the life insurance industry.
Companies competing with Afficiency for the same Google search keywords, organic and paid, via search-intersection analysis.
Frequently asked questions
- What does Afficiency do?
- Afficiency builds a digital platform for purchasing life insurance, aiming to make the buying process fully digital and accessible. It serves insurance carriers and distributors to power their digital life insurance offerings.
- Who are Afficiency's investors?
- Afficiency's investors include IA Capital Group, Impression Ventures.
- How much funding has Afficiency raised?
- Afficiency has disclosed $11.1M raised across 2 rounds.
- Where is Afficiency headquartered?
- Afficiency is headquartered in New York, US.