Vouch, a San Francisco CA- and Chicago, IL-based insurance platform for startups, raised $90M in Series F funding.
The round was led by Redpoint Ventures, Silicon Valley Bank Capital, Ribbit Capital, Allegis Group, Sound Ventures, and SiriusPoint.
The company intends to use the funds to expand operations and its line of insurance products.
Led by Sam Hodges, CEO, and Travis Hedge, Vouch provides a platform for startups that offers fully-digital, tailored coverage that takes minutes to activate. The company currently offers:
- a coverage that can insure up to $500,000 in limit per occurrence, to include specified property owned by a startup regardless of the location of that property.
- enhanced coverage for business outages caused by cyber attacks, and more comprehensive cyber crime coverage, which can cover losses due to fraud.
- comprehensive coverages for early to mid-stage startups.
- embedded insurance to partner with startup leaders to make buying insurance more accessible for customers.
The company is now the business insurance provider to customers such as Brex, Carta, and WeWork, among others.
Vouch Insurance Company also added three experienced insurance veterans to its board, including:
- Cynthia Powell, former Chief Risk Officer of State Auto Insurance,
- Robert Byler, former CEO of Schinnerer Group (now Victor), and
- Mark Herman, former President and COO of CNA Specialty.
FinSMEs
11/09/2021