Kin Insurance, a Chicago, IL-based online home insurance startup, raised $13m in funding.
The round was led by August Capital. In conjunction with the funding, Caribou Honig, chairman and cofounder of the InsureTech Connect conference and a founding partner of the boutique venture capital firm QED Investors, joined the company’s board, bringing years of insurance and data-driven marketing experience to help guide key decisions as Kin expands its reach.
The company intends to use the funds to expand its services nationalwide and launch new products over the next two quarters.
Launched in 2017 and led by CEO Sean Harper, Kin Insurance has provided home insurance in Florida and Texas and plans to make its offerings available nationally by the year’s end.
Previously, the company raised $4m from Commerce Ventures, Omidyar Network, 500 Startups, Chicago Ventures, and Portag3 Ventures, among others.