New Yorkbased Policygenius 125m Series 225m

New Yorkbased Policygenius 125m Series 225m

Policygenius has raised $one hundred twenty five million in new growth capital, the InsurTech firm introduced in a news launch Thursday (March 17).

The business enterprise, based totally in New York City, said it will use the budget to to hold to make investments inside the increase of its center corporations of existence, incapacity, domestic and auto coverage, in conjunction with new no-exam existence insurance services and its Policygenius Pro imparting.

The new investment brings the whole capital raised with the aid of Policygenius to $225 million. The organisation took in $a hundred million in early 2020.
Over the past eight years, we’ve invested within the crucial areas of generation, operations and product improvement to supply the satisfactory consequences for our customers, providers, and distribution partners,” said Jennifer Fitzgerald, the enterprise’s CEO and co-founder. “With the aid of our new and existing buyers, we’re excited to enlarge our already-huge reach throughout the trillion dollar coverage market.”

Policygenuis stated all of its predominant investors again for this round, which includes KKR, Norwest Venture Partners and Revolution Ventures. New traders blanketed annuity and life coverage providers which include Brighthouse Financial, Global Atlantic Financial Group, iA Financial Group, Lincoln Financial and Pacific Life.

Founded in 2014, Policygenius’ platform lets purchasers examine and purchase insurance. It has built integrations with a number of the industry’s biggest insurers and developed its very own generation for quoting, achievement and underwriting.

The Policygenius Pro supplying, launched earlier this yr, opens the company’s life coverage platform to B2B companions.

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