Buckle Closes $60M In Funding To Expand Full-Stack Insurance Platform Across Us
09/29/21, 12:09 PM
Location
jersey city
Money raised
$60 million
Buckle Corp (the “Company”), an inclusive tech-enabled financial services company, has filed its Regulation D and disclosed it raised $60 million through a Series B funding round led by Volery Capital Partners with participation from Eldridge, Assurant Ventures, as well as HSCM Bermuda and other insiders. As part of this transaction, Volery Capital Partners will join Buckle’s Board of Directors. In addition to the $60 million in Series B financing, HSCM Bermuda also expanded the Company’s surplus term loan from $10 million to $20 million to provide additional capital to support the premium growth of Buckle’s Gateway Insurance Company. Buckle has closed over $100 million in debt and equity funding since inception.
Company Info
Location
jersey city, new jersey, united states
Additional Info
Buckle is the inclusive digital financial services company serving the rising middle class and providers to the gig economy. Using a portfolio of technologies and data sources, Buckle provides insurance and credit products to those who earn less than the average American wage and are subsequently penalized for having poor or no credit. Connect with Buckle on Facebook, Twitter and LinkedIn. Visit www.buckleup.com.
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