Editor at Coverager
In April we reported that the insurer has paused phone sales in several states.
The startup will use the funding to introduce new products such as insurance and fare protection, among other things.
Asurion is laying off ~1,000 employees.
Varo is backed by Progressive.
Koffie has insured over 1,000 trucks to date.
Based on a recent filing with the state of Illinois, Lemonade's car insurance product isn't off to a great start.
Facet first began working with Policygenius in an exploratory partnership.
According to LinkedIn, Zego had around 500 employees prior to these layoffs.
PruVen Capital participated in the round.
The Chicago-based startup is licensed in ~34 states.
SmartBank says that its total number of downloads exceeded 100,000 in December, and now it aims to reach 1 million by the end of 2023.
The UK-based startup said it found it difficult to acquire customers in a highly competitive space.
Tokio Marine and State Farm Ventures participated in the round.
Earlier this year, the Brooklyn-based startup announced a $3.3 million investment.
Since Porch Group's acquisition of the insurer/MGA, HOA has launched its homeowners insurance operations in 14 new states.
