The investors in this most recent funding round are unknown, according to CityBiz.

Annuity.com, under the direction of CEO Brett Blake, is committed to revolutionizing the annuity distribution market. The organization wants to make annuities more accessible to those looking for retirement financial security, empower independent agents, and raise consumer awareness. In some states, it will be referred to as Annuity.com Insurance Marketing and run under the Annuity.com, Inc. brand.

The money will go into growing Annuity.com's business and research and development initiatives. In the summer of 2024, the business intends to relaunch Annuity.com as a consumer marketplace for annuities with an emphasis on education.

"We are thrilled to secure this funding which will allow us to significantly enhance our platform and reach," stated Brett Blake, CEO of Annuity.com.

"Our goal is to revolutionize the annuity market by educating consumers about the advantages of annuities and arming independent agents with the resources they need to be successful."