Lumir Ventures Backs Assured Allies, the Leading Insurtech for Successful Aging

Lumir Ventures Backs Assured Allies, the Leading Insurtech for Successful Aging

March 8, 2023

Lumir Ventures is excited to announce that Assured Allies has joined its growing portfolio. Assured Allies is the leading insurtech company for evidence-based successful aging innovation with deep expertise in data science and personalized risk reduction strategies for aging adults. Lumir Ventures participated in Assured’s Series B funding round of $42.5 million dollars led by FinTLV Ventures and Harel Insurance.

Assured Allies has experienced rapid growth over the past year, partnering with several leading insurance carriers and increasing the number of members on its platform by over 300%. Capital raised this round will further accelerate Assured’s growth in these areas. 

Assured Allies has two main product lines, AgeAssured and NeverStop. AgeAssured is the first science-based platform that reduces disability and supports the aging population on a large scale. NeverStop is an AI-driven, science-backed platform to create, underwrite and support the next generation of retirement products. Both products allow older adults to reduce the risk of disability and live longer and better in their homes. Equitrust, a life insurance company with $23 billion in funds under management and a strategic investor in Assured Allies, is a NeverStop partner.

Assured Allies was co-founded by Roee Nahir, a Data Scientist and Entrepreneur and Dr. Afik Gal, MD. While acting as caregivers to aging family members, the Assured founders understood the importance of healthy aging. “The need for innovative long-term care solutions for the aging population has never been greater” Roee Nahir, CEO of Assured Allies. 

"We are thrilled that our mission, and our success so far, have attracted such an all-star list of returning and new investors. The way people plan for aging and their expectation of aging is fundamentally changing and we are excited to continue to lead the way with our proven solutions to making longevity financially sustainable,” Afik Gal, President of Assured Allies.

Lumir Ventures participated in the Series B raising alongside Hamilton Lane, New Era Capital Partners, MS&AD Ventures, CoreInnovation Capital, Poalim Equity, EquiTrust, Akilia Partners and Samsung Next. Assured Allies is headquartered in Boston and has an office in Tel Aviv.