Insurtech company Ethos has raised $200 million in a Series D investment round, boosting its valuation to $2 billion.

Since its initial launch, revenue and users have each grown by more than 500% year-over-year, and the company expects to issue $20 billion of life insurance coverage in 2021.

The latest funding round was led by General Catalyst with other investors including Sequoia Capital, Accel, GV (formerly Google Ventures), and Jay-Z’s Roc Nation also participated, alongside Glade Brook Capital Partners.