Insurify Raises $100 Million in Series B

by Kay Aloha Villamor in September 2nd, 2021

Insurify, a Cambridge, MA-based virtual insurance agent and comparison platform, raised $100M in Series B funding led by Motive Partners.

Existing investors Viola FinTech, MassMutual Ventures, Nationwide, Hearst Ventures, Moneta VC, and new investors Viola Growth and Fort Ross Ventures also participated in this round.

The company intends to use the funds to expand its operations and accelerate its growth initiatives. 

Company: Insurify, Inc.

Raised: $100.0M

Round: Series B

Funding Month: September 2021

Lead Investors: Motive Partners

Additional Investors: Viola FinTech, MassMutual Ventures, Nationwide, Hearst Ventures, Moneta VC, as well as new investors Viola Growth and Fort Ross Ventures

Company Website: http://insurify.com/

Software Category: virtual insurance agent and comparison platform >AI

About the Company: Founded in 2013 by Snejina Zacharia, CEO, Insurify provides a tailored insurance purchasing experience where customers can instantly compare accurate auto, home, and life insurance quotes from both large and regional companies through real-time integrations and AI-powered recommendations and get an instant purchase experience. The company recently launched its first two embedded insurance products through major partnerships with Toyota Insurance Management Solutions and Nationwide.

Source: https://www.finsmes.com/2021/09/insurify-raises-100m-in-series-b-funding.html


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