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, 2024•about 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.
Funding Insights
Based on industry dataVC-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