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Walnut raised $4.6 million in an equity crowdfunding round led by NAventures to advance its embedded insurance technology platform.

Aug 11, 2024about 1 year ago

Amount Raised

$4.6 Million

Toronto

Investors

Highline BetaPortageDiagram VenturesTelus Global VenturesN Aventures

Description

Walnut announced the successful close of its latest funding round at $4.6 million, which will be used to expand its groundbreaking embedded insurance technology platform. Led by NAventures, the funding represents a major milestone for Walnut as it works to modernize insurance distribution.

Company Information

Company

Walnut

Location

Toronto, Ontario, Canada

About

Founded in 2020, Walnut is a Canadian and US insurtech that has built technology infrastructure to power embedded insurance for retailers, financial services, and consumer platforms. Walnut’s platform makes insurance simple and convenient – creating greater accessibility for underserved audiences across life, home, renters, auto, and embedded product lines. To learn more, visit www.gowalnut.com

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers