Kin, a Chicago, IL-based direct-to-consumer home insurance company, raised additional $15M in funding.
The round, which brought total Series D funding to $109M, was led by Geodesic Capital, QED Investors, and additional investors.
The company intends to use the funds to accelerate growth and expand operations.
Led by Sean Harper, CEO, Kin is a direct-to-consumer digital insurer focused on homeowners. The company makes homeowners insurance more convenient and affordable by eliminating the need for external agents. Its technology platform delivers a seamless user experience, customized options for coverage claims service. Behind the scenes, Kin utilizes thousands of data points about each property to provide accurate pricing and produce better underwriting results. The company is a fully licensed carrier that offers coverage through its reciprocal exchanges which are owned by its customers.
FinSMEs
22/03/2023