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Voom Raises $15 Million To Provide Usage-Based Insurance To Underserved Mobility Segments

Voom Raises $15 Million To Provide Usage-Based Insurance To Underserved Mobility Segments

11/12/21, 8:42 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgpalo alto
Money raised
$15 million
VOOM, creators of innovative insurance products for underserved mobility segments, announced $15 million in funding today to expand its usage-based insurance model to additional mobility verticals. The funding round was co-led by JAL Ventures and UP.Partners, with the participation of F2 Capital, Arbor Ventures, Verizon Ventures, and ICON Continuity Fund and brings VOOM's total funding to $22 million. Already the category leader for drones with tens of thousands of policies, VOOM launched the world's first Per-Mile insurance product for motorcycles in August and is expanding to offer usage-based insurance solutions for light aircraft, leisure vehicles and gig drivers.

Company Info

Company
Voom
Location
palo alto, california, united states
Additional Info
VOOM is an innovative insurtech company, creating next-gen insurance products for Mobility. Its dynamically-priced, usage-based insurance products are designed for high-risk, episodic-use mobility verticals, including drones, e-scooters, motorcycles, and light planes. VOOM has offices in Tel Aviv, Israel and in Palo Alto, CA, VOOM is a licensed insurance broker in all 50 US states and in Canada. Visit VOOM's website at www.voominsurance.com
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Trends

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The data in the raised column shows reported funding for this location/industry over last 90 days.

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https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgpalo alto
$1.1 B-24.5%