Total amount raised
$458.2 Millions
Latest funding date
Location
Kin Insurance has successfully raised significant funding over multiple rounds, establishing itself as a notable player in the home insurance market. The company offers a range of insurance products, emphasizing affordability and ease of use.
Keep reading to explore the intricacies of Kin Insurance's fundraising journey and the investors backing this innovative platform.
What Is Kin Insurance?
Kin Insurance, founded in 2016, provides a range of home insurance solutions with a focus on affordability and ease of use. The company offers various types of insurance, including homeowners, landlord, mobile home, flood, and condo insurance.
While the exact founding location and the names of the founders are not specified, Kin Insurance is known for its top-rated customer service and quick quote process. The company is fully licensed, and its carrier partners have high financial stability ratings.
Unfortunately, the number of employees at Kin Insurance is not mentioned on their website. For more detailed information, visiting their official site or other business directories might be necessary.
How Much Funding Has Kin Insurance Raised?
- Series A
- Amount Raised: $13.1M
- Date: February 2018
- Lead Investors: August Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the technology platform for better customer service.
- Convertible Note
- Amount Raised: $12M
- Date: August 2019
- Lead Investors: August Capital, Hudson Structured Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and expand market reach.
- Debt Financing
- Amount Raised: $35M
- Date: August 2019
- Lead Investors: Guggenheim Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial stability and support operational expansion.
- Series B
- Amount Raised: $35M
- Date: August 2020
- Lead Investors: Commerce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product offerings.
- Series C
- Amount Raised: $69.2M
- Date: May 2021
- Lead Investors: Hudson Structured Capital Management, Senator Investment Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and improve technology infrastructure.
- Series D
- Amount Raised: $82M
- Date: March 2022
- Lead Investors: QED Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and market expansion.
- Debt Financing
- Amount Raised: $145M
- Date: October 2022
- Lead Investors: Avenue Capital Group, Runway Growth Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To ensure financial stability and support ongoing operations.
- Series D
- Amount Raised: $15M
- Date: March 2023
- Lead Investors: Geodesic Capital, QED Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and enhance product offerings.
- Series D
- Amount Raised: $33M
- Date: September 2023
- Lead Investors: QED Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and improve technology.
- Series D
- Amount Raised: $15M
- Date: February 2024
- Lead Investors: Activate Capital Partners
- Valuation at Round: Greater than $1 billion
- Motivation Behind the Round: To accelerate expansion into new markets and introduce innovative products.
Total Amount Raised: $454.3M. Current Valuation: Greater than $1 billion.
Key Investors
The requested information about the major investors in Kin Insurance and their details was not found in the provided sources. The source from CrunchbaseURL did not contain any relevant information due to a security verification process. The other sources, including pressLink1, pressLink2, pressLink3, pressLink4, pressLink5, and PressLink6, either did not provide the necessary details or were example domains without any specific information about Kin Insurance or its investors.
Therefore, I am unable to fulfill the request to list the major investors in Kin Insurance along with their details, investment focus areas, and notable investments based on the provided sources.
What's Next for Kin Insurance?
Kin Insurance stands at the cusp of significant growth opportunities. With its recent $15 million funding round and a valuation exceeding $1 billion, the company is poised to expand into new markets and introduce innovative products. Leveraging advanced technology, Kin aims to provide accurate pricing and customized coverage options, serving a growing number of policyholders across multiple states.
Future fundraising opportunities appear promising, given Kin's strong balance sheet and positive unit economics. The company’s systematic approach and focus on sustainable economic transformations make it an attractive candidate for further investments. However, challenges such as competition from traditional insurers and regulatory hurdles in different states may pose obstacles along the way.
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