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Branch Insurance raises $50M in a Series B funding round led by Anthemis Group to offer bundled auto & home insurance via an API.

Jun 09, 2024about 1 year ago

Amount Raised

$50 Million

Round Type

series b

Investors

Tower IvFoundation CapitalScor P&C VenturesSignal FireAmerican Family VenturesHscm BermudaGreycroftCherry Creek HoldingsAcrewAnthemis Group

Description

Branch Insurance, a startup offering bundled home and auto insurance, has raised $50 million in a Series B funding round. The round was led by Anthemis Group, with participation from Acrew, Cherry Creek Holdings, Greycroft, HSCM Bermuda, American Family Ventures, SignalFire, SCOR P&C Ventures, Foundation Capital, and Tower IV. With this latest financing, Branch has raised $82.5 million in total funding since its 2017 inception.

Company Information

Company

BRANCH

About

Home and auto insurance made easy! See your price and purchase within seconds with just your name and address.

FundzWatch™ Score

76
Medium Activity

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech