Zoë Foundry, a venture studio focused on the employee benefits ecosystem, has secured a $5 million investment led by Principal Financial Group and Reinsurance Group of America (RGA). The funding will accelerate the studio’s mission to transform the employee benefits sector, with plans to launch three startups each year concentrating on software-as-a-service (SaaS), business-to-business (B2B), and artificial intelligence (AI) technologies. Zoë Foundry has already demonstrated its capacity for impact with existing portfolio companies, such as SlainTech and Bentection, which have shown impressive growth in customer base and revenue generation. The partnership aims to further propel advancements in the insurtech sphere, aligning with Principal’s strategic goals to broaden access to cutting-edge solutions.
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