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Fabric Technologies
Life insurance for families
- 21-100 employees
- Fintech
- B2C
- Insurance
- SaaS
- Mobile
- Dumbo, NY
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Company mission
To provide the peace of mind that comes with knowing that you’re helping to keep your family protected.
Few candidates hear
back within 2 weeks
Our take
Fabric is a life insurance company and mobile app for families at the early stages of parenthood. Owned by Gerber Life Insurance, Fabric uses proprietary technology from its parent company for a suite of products that include Fabric Instant for sudden death or accident cover and Fabric Premium for accidents and illnesses.
Though these offers are nothing new in the world of life insurance, Fabric stands out thanks to its intuitive mobile app and flexible coverage options, enough so at least, that it has received substantial funding since its founding in 2015.
Funded by long-time investment partners Bessemer Venture Partners, Fabric has been using its funds to expand its product suite and accelerate growth. Counting thousands of families under its insurance, Fabric is still a small company but appears on track to widen its influence in the US.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Parental leave - Fabric isn't just a great place to be a parent – it's a great place to become a parent, with 12 weeks of both maternal and paternal paid leave.
- Great benefits - We offer a competitive benefits package, including comprehensive health insurance, a 401(k) plan, three weeks of paid time off, plus everything you’ll need to set up your home office, and more.
- Fabric lunch Fridays - Lunch is on us every Friday! That’s right, you’ll get reimbursed for that pad thai that you’ve been craving all week. Call it an excuse to treat yo’ self!
- No meeting days - Once a week, we give those virtual meetings a break so you can enjoy an uninterrupted day – perfect for focusing on your to-do list.
- Diverse workplace - We’re big on DEI and strive to create an open and transparent work environment – which means published salary bands to promote pay equality, among other initiatives.
- Fully remote - Yes, we’re fully remote – that means your commute is directly from your bed to your desk, and our dress code is sweatpants-friendly. It also means more flexibility in your schedule and better work-life balance.
Funding (last 2 of 3 rounds)
Oct 2020
$18m
SERIES B
Jun 2018
$10m
SERIES A
Total funding: $30.5m
This company has top investors
Leadership
Adam Erlebacher
(CEO & Co-Founder)Previously COO at SimpleFinance, Co-Founder at PlaceVine Inc, Director of Business Development & Sales at Colloquis Inc and Financial Analyst at JPMorgan Securities, Inc.
Steven Surgnier
(CTO & Co-Founder)Previously Director of Data at Simple Finance and Product Engineer at Lattice Semiconductor.