Sure, an insurance technology platform, raised an additional $12.5m in Series B funding.
The round was led by insurance holding company W. R. Berkley Corporation.
The company intends to use the funds to scale the app (consumer product), the platform (for global consumer brands and carriers), and SURE Connect (for affinity programs, eCommerce and Fintech partners), further accelerate the and continued technological development of the technology, APIs and Insurance-as-a-Service solution.
Led by Wayne Slavin, co-founder and chief executive officer, Sure is a global insurtech platform which partners with insurance carriers to offer dozens of insurance products crossing both novel coverages like rideshare and mobility insurance and more traditional P&C, A&H, and Commercial coverages like renters, travel, rental car, individual items, smartphones, and commercial BOP and liability.
The company, which has offices in Santa Monica, New York City, Tel Aviv, and Johannesburg, is licensed in all 50 states, and partners with more than 35 global insurance carriers.