Boundless Rider Insurance Agency, LLC, a Boston, MA-based insurance claims company focused on riders, raised $4.75m in Seed funding.
The round was led by American Family Ventures, with participation from The Cross Country Group, SiriusPoint, and Belmont Capital. Boundless Rider raised a previously unannounced $2m pre-seed round in March 2021, bringing the startup’s total financing to $6.75m.
The company intends to use the funds for ongoing investments in data science, partner integrations, and state expansion.
Led by CEO Blair Baldwin, Boundless Rider Insurance Agency is focused on bringing product innovation in claims to riders of specialty vehicles- The company will offer coverage directly to consumers and through partners on a state-by-state basis beginning in late 2022. Owners of motorcycles, recreational ATVs and UTVs, snowmobiles, scooters and mopeds, dirt bikes, and e-bikes will be eligible to buy a policy online or over the phone.
FinSMEs
20/09/2022