Thimble (fka Verifly), an insurtech platform offering short-term liability coverage for small businesses and independent workers, raised $22m in Series A funding.
The round was led by IAC, with participation from existing investors including Slow Ventures, AXA Venture Partners, and Open Ocean.
Led by co-founder and CEO Jay Bregman, Thimble offers by-the-job coverage to fit the dynamic nature of small businesses in the gig economy. Insurance is available for more than 100 different professions including handymen, landscapers, DJs, musicians, beauticians, and dog walkers.
Thimble’s new insurance product has now been approved by regulators in 48 states.
The company has already sold over $100B in aggregate exposure.