Home insurance start-up Kin raises $4m in funding round
US home insurance start-up Kin Insurance has raised $4m in a funding round that included participation from Commerce Ventures, Chicago Ventures, Omidyar Network and 500 Startups, among a host of angel investors. Kin Insurance has developed an online platform offering users an array of home insurance products. Kin Insurance has now launched in Florida.

Kin Insurance, a Chicago, IL and Miami, FL-based home insurance startup, secured $4m in funding.

Investors included Commerce Ventures, Omidyar Network, 500 Startups, Chicago Ventures and Portag3 Ventures, as well as angels including founders and alumni from other top tech companies such as Avant, Square, Capital One, Linkedin and Facebook.

The company is using the funds to expand operations.

Founded in 2016 by fintech veterans Sean Harper, Lucas Ward and Sebastian Villarreal, Kin Insurance has built a data and technology platform for customers to get home insurance insurance products online. Kin is built on modern technology without paper and legacy IT systems, and does not rely on local brokers for distribution.

The company has launched Kin Insurance in its first state, Florida.

FinSMEs

01/08/2017