Inshur, a NYC-based and Brighton, UK-based insurtech startup, raised $9m in equity and debt funding.
The company closed a $7M Series A funding round led by Munich Re Ventures with participation from MTech Capital and raised a further $2M credit facility. In conjunction with the funding, Brian McLoughlin, a Co-Founder and Partner of MTech Capital, is joining Inshur’s board of directors.
The investment will support expansion into new territories and accelerate reach into new insurance verticals.
Founded in October 2016 and led by CEO Dan Bratshpis, Inshur is a digital provider of commercial auto insurance, currently focused on the rideshare vertical. The product has been live in New York for 11 months and recently launched in the UK.
Using its mobile technology platform, proprietary data, and analytics, the company allows professional drivers to buy insurance coverage quickly and at a competitive price and to manage their entire insurance lifecycle from their mobile phone.
The free app is available for Android and iOS devices.