Buckle, a Jersey City, N.J.-based tech-enabled financial services company, raised $31m in Series A funding.
The round was co-led by HSCM Bermuda and Eos Venture Partners.
The company is using the funds to launch other products and partnerships as it expands nationwide.
Led by Dustin Walsey, co-founder, Buckle provides offers total insurance coverage specifically for rideshare and other gig economy providers and TNCs. Its core rideshare insurance policy combines personal and commercial coverages, in collaboration with Munich Re’s Digital Partners. Earlier this year, it expanded the program through a partnership with Lyft. In June, the company announced the acquisition and recapitalization of Gateway Insurance Company (Gateway), including its 47 state insurance licenses. Now, through Gateway, Buckle is expanding insurance coverage to include transportation network companies (TNCs), traditional taxi, limo, and livery businesses using the Curb app.