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Branch Achieves Unicorn Status With Series C Funding, Cementing Its Position As The Premier Home & Auto Insurtech

Jun 08, 2022•about 3 years ago

Round Type

series c

Minneapolis

Description

Branch® announced today a $147 million Series C funding led by Weatherford Capital. Branch is a full-stack insurance company that uses data, technology, and automation to make home and auto insurance completely frictionless. The raise brings Branch's valuation to $1.05 billion and will continue to support the company's mission of making insurance less expensive so more people can be insured. Participating new and existing investors include Acrew, AmFam Ventures, Anthemis, Gaingels, Greycroft, HSCM Ventures, Narya, SignalFire, and Tower IV.

Company Information

Company

Branch

Location

Minneapolis, Minnesota, United States

About

Branch was founded to give companies a more cost-effective, faster way to pay employees and contractors, which in turn theoretically can maybe help them attract and retain talent and save money compared to using traditional payment methods.