Goose Insurance Services, a Vancouver-based “super app”, has raised $4m in Series A funding for its insurance offering.
The round was led by Axis Insurance Managers, with participation from Impression Ventures, Real Ventures, and Manchester Story.
Established in 2018, Goose aims to take the confusing parts out of buying personal insurance in Canada and the US. The company makes it easier for consumers to get the right coverage from a single mobile app.
The Vancouver-based company will use the funding to accelerate the adoption of its consumer-focused insurance super app in Canada and the U.S. through education and awareness initiatives.
Goose members can purchase over 19 different insurance policies across 30 states in the U.S. and 8 provinces in Canada including travel, renters, pet, critical illness, and up to 1 million of term life insurance.
Goose has expanded its product offerings by working closely with carriers like AIG, IMG, iA Financial Group, TeachersLife, and American Amicable. Goose was also recently appointed a coverholder for Lloyds of London.
Dejan Mirkovic, Goose’s President and CEO, said, “We’re on a mission to make insurance products instantly accessible to the 200 million underserved consumers through our self-serve insurance super app. Goose offers some of the most affordable life, health, and travel insurance policies in North America.”
Hamzah Nassif, Real Ventures’ Partner, added, “There is a big void in the market today for a digital and app-first insurance brand that gives consumers the ability to discover and buy affordable insurance products 24/7 in minutes completely self-serve. Having first invested in Goose in 2020 and seen its unique approach, the team’s ability to execute, and the positive response from customers and insurance partners alike in both Canada and the US, we believe Goose will be a market-leading player in this space and are excited to join the team and our co-investors in this new round of funding.”
Last year, Canadian cyber insurance company BOXX Insurance acquired cyber threat intelligence platform Templarbit for an undisclosed amount.
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