Noblr, a San Francisco, CA-based technology-driven company creating an insurance product rewarding good drivers for making smart decisions, received a minority equity investment and reinsurance from Third Point Reinsurance Ltd. (NYSE: TPRE).
The amount of the deal was not disclosed.
The company will use the funds to grow the business.
Co-founded by Gary Tolman and Jason Foucher, Noblr is building a community of responsible drivers by leveraging telematics data, actuarial insight, and product innovation and design to give drivers feedback and real-time rates based on their actual driving behavior. The company’s initial focus is on personal auto insurance in the United States having recently launched in Colorado.