PolicyGenius, a Brooklyn, NY, insurance tech startup, closed a $15m Series B funding.
The round was led by Revolution Ventures with participation from Karlin Ventures, Susa Ventures, AXA Strategic Ventures, Transamerica Ventures and MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company (MassMutual).
The company, which has raised more than $21 million in venture capital funding to date, will use the funds to hire across operations, marketing, design, editorial, and engineering areas, to expand its product lines and accelerate its growth in the U.S. insurance market.
Launched in July 2014 by Jennifer Fitzgerald, CEO, PolicyGenius facilitates the insurance discovery and purchase process for life, long-term disability, renters, and pet insurance. The company provides educational content, an online quoting engine, and a streamlined application process, Insurance Checkup™, to allow consumers to find and purchase the coverage they need.