yulife raises £10m funding

Group life insurance start-up for SMEs, yulife, has raised £10m worth of Series A funding during a round led by Creandum Funds, the backers of Spotify, iZettle and depop. MMC Ventures and Notion Capital contributed to the round, following the £3m seed-round led by LocalGlobe involving Anthemis Exponential Ventures, RGAx and Israel's OurCrowd last year. The yulife app incentivises members to complete wellbeing activities, such as walking or meditation, with rewards such as Avios air miles, vouchers and gift cards from partner brands including Amazon and ASOS. Founder of yulife, Samm...