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AXA Strategic Ventures invests in PolicyGenius

AXA Strategic Ventures has made its first investment in a US company – PolicyGenius. Founded in July 2014, PolicyGenius offers an online platform for consumers to review coverage and confidently research and compare quotes for term life, long-term disability, renters and pet insurance.

“We launched AXA Strategic Ventures to invest in companies that drive innovation in our industry, making it more digitally-enabled and transparent,” says Manish Agarwal, General Partner of AXA Strategic Ventures. “PolicyGenius perfectly reflects this investment profile. The company’s tailored Insurance Checkup™ and customer-friendly quote comparisons make shopping for and purchasing insurance straightforward and accessible to a growing client population.”

“We’re excited to work with AXA Strategic Ventures and our other investors to capitalise on our growth and bring the insurance industry into the 21st Century,” says Jennifer Fitzgerald, CEO of PolicyGenius. “This financing will enable us to accelerate PolicyGenius’ growth by strengthening its existing product lines, refining individual insurance quoting engines and scaling its marketing and production teams.”

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