In the three months to December 2025, total revenue stood at $4.3bn (£3.14bn), up 4% year-on-year.
The financing round was led by existing backer Rubicon Founders, with new investor Town Hall Ventures joining current participants including Optum Ventures.
Other companies aiming to set up in the city include South Korea’s Samsung Re, Africa's Kenya Re and Spain’s Mapfre Re.
Such a move would mark Deutsche Bank’s return to the life insurance space after it withdrew from the sector around ten years ago.
