PolicyGenius, a Brooklyn, NY-based consumer insurance advice and shopping platform, secured $5.3m in Series A funding.
The round was co-led by Karlin Ventures, Susa Ventures, AXA Strategic Ventures and Transamerica Ventures, with participation from previous investors.
The funding will be used to strengthen existing product lines, refine individual insurance quoting engines and scale their marketing and production teams within their Brooklyn, NY offices. The team will use access and insight from the strategic investors to quickly test and iterate new tools and services while expanding their reach and accessibility with expert content, partnerships and affiliates.
Launched in July 2014 by Jennifer Fitzgerald and Francois de Lame, PolicyGenius provides a multi-product platform that allows consumers to review advice and research and compare quotes for life, long-term disability, renters and pet insurance. Its Insurance Checkup™ guides each user through a five-minute Q&A to develop a personalized review of all their insurance needs based on their financial and family situation.