Kin Insurance, a direct-to-consumer home insurance company, has held the first close of its Series D round at USD82 million, with additional commitments for a second close totalling USD18 million.
The funding was led by QED Investors with participation from returning investors Commerce Ventures, Flourish Ventures, Hudson Structured Capital Management Ltd (doing its reinsurance business as HSCM Bermuda), Alpha Edison, Allegis NL Capital, Avanta Ventures (venture arm of CSAA Insurance Group, a AAA Insurer), and August Capital, and new investors Geodesic Capital and PROOF.VC.
Kin had raised USD133 million in equity funding prior to this round, which comes on the heels of Kin’s explosive growth in 2021. With the newest funding, Kin will continue to recruit top talent across all departments, expand its suite of insurance products, and bring its proprietary technology and direct-to-consumer model to additional states.
