Branch raises $50 million
Columbus-based Branch has raised $50 million in a Series B funding round led by Anthemis Group. Other investors participating in the round include Acrew, Cherry Creek Holdings, Greycroft, HSCM Bermuda, American Family Ventures, SignalFire, SCOR P&C Ventures, Foundation Capital and Tower IV. With this latest financing, Branch has raised $82.5 million in total funding since its inception.
Branch is now live in Arizona, Colorado, Oklahoma, Indiana, Illinois, Missouri, Ohio, Texas and Maryland. The startup predicts it will be available in more than 80% of the U.S. before the end of the year.
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Branch taps into the power of community to make insurance accessible and affordable for everyone, utilizing innovative technology makes it easier than ever to save money by bundling Home and Auto Insurance in seconds. Branch Insurance has launched in five states (AZ, IL, MO, OH and TX) and is underwritten by General Security National Insurance Company.