Kin, a Chicago, IL-based direct-to-consumer home insurance company, raised $33M in Series D extension funding.
The round, which brought the Series D total to $142M and total amount to date to $265M, was led by QED Investors with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), and Alpha Edison.
The company intends to use the funds to consolidate its market position and accelerate its growth.
Led by Sean Harper, CEO, Kin is a pure-play, direct-to-consumer digital insurer focused on the homeowners insurance market eliminating the need for external agents. Kin’s technology programmatically understands the physical properties of buildings while the company’s policy platform delivers customized options for coverage, and claims service.