Boundless Rider raises $4.75 million
Boundless Rider has closed $4.75 million in seed funding led by American Family Ventures, with participation from The Cross Country Group, SiriusPoint, and Belmont Capital. Boundless Rider raised a previously unannounced $2 million pre-seed round in March 2021, bringing the startup’s total financing to $6.75 million.
Founded in 2022, the Massachusetts-based agency is looking to provide riders of motorcycles, e-bikes, ATVs, UTVs, and snowmobiles with an insurance solution that “meets their distinct needs.” Boundless Rider also plans to launch an app that will track driving behaviors and allow riders to earn points. Coverage will be offered in late 2022.
“Blair and his team are bringing something new to the insurance industry: a digitally native motorcycle and powersports product that can be easily bundled with insurers’ core insurance offerings. Boundless Rider’s proprietary technology has enabled the team to modernize the motorcycle insurance experience and bring best-in-class coverage to all kinds of riders and the brands who serve them.” – Kyle Beatty, managing director, American Family Ventures.