ValueInsured, a Dallas, Texas-based provider of down payment protection, closed a $6.5M funding round.
Backers included Everest Re Group Ltd. and Houston International Insurance Group (HIIG).
The company intends to use the funds to continue its distribution partnership strategy, expand channel presence and enhance the features of the +Plus SM down payment protection program.
Led by Joe Melendez, CEO, ValueInsured provides down payment protection for homebuyers, giving them control and flexibility to sell their home. ValueInsured’s +Plus℠ down payment protection is available nationwide and is backed by Everest Re Group, one of the world’s largest re-insurance companies, with over $8 billion in capital.