Home insurance platform Kin Insurance has reportedly collected $63.9m in its Series C round, which was raised to support global expansion efforts.
The round was led by Senator Investment Group and Hudson Structured Capital Management, according to a report from Crunchbase News. Other commitments came from the University of Chicago, Allegis NL Capital, and Alpha Edison.
With the equity, the InsurTech hopes to hire more staff and expand its geographical presence.
Kin Insurance offers home insurance policies, which are priced in real-time. Its technology uses data to identify the best protection for consumers offering policies including flood, homeowners, hurricane, umbrella, landlord, and mobile home.
The InsurTech previously raised $35m in its Series B round in 2020. The capital was supplied by Commerce Ventures, Hudson Structured Capital Management, Flourish Ventures, QED, Alpha Edison, Allegis NL Capital and more.
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