Kin announces $15M in fresh financing from new investor Activate Capital
02/05/24, 2:07 PM
Location
Money raised
$15 million
Industry
consumer goods
financial services
Investors
Activate Capital
Kin announces $15M in fresh financing from new investor Activate Capital. Raising at an increased valuation, greater than $1 billion, Kin can accelerate its growth investments, including multiple new markets and products. The new financing will widen the gap with legacy insurers that aren’t able to quickly respond to changes in climate, technology, and consumer preferences.
Company Info
Location
222 w merchandise mart plaza
chicago, illinois, united states
Additional Info
Kin is the home insurance company for every new normal. By leveraging proprietary technology, Kin delivers fully digital homeowners insurance with an elegant user experience, accurate pricing, and fast, high-quality claims service. Kin offers homeowners, landlord, condo, and mobile home insurance through the Kin Interinsurance Network (KIN), a reciprocal exchange owned by its customers who share in the underwriting profit. Because of its efficient technology and direct-to-consumer model, Kin provides affordable pricing without compromising coverage. To learn more, visit www.kin.com.