According to multiple sources, Branch's valuation took a hit.

Founded in 2017 and live since 2019, Branch is a personal lines insurer.

Branch Insurance Exchange ended the year with $125 million in direct premiums written.

The company has partnered with Assurity.

The raise brings Branch's valuation to $1.05 billion.

customers of both brands will have the chance to drive safe and save.

Branch members can receive discounts up to 15.5% on their home insurance.

With this latest financing, Branch has raised $82.5 million in total funding since its inception.

Community Drive will launch first in Ohio where Branch is headquartered with plans to roll out nationwide.

The Branch Insurance Exchange is owned by its members and professionally managed by Branch for a low, fixed 5% fee. Clients agree to become a member of the Exchange when they purchase a policy with Branch.

The round was co-led by Greycroft and HSCM Bermuda, with participation from returning investors American Family Ventures and Revolution’s Rise of the Rest Seed Fund, as well as new investors SignalFire, SCOR Global P&C, Elefund, Foundation Capital, and individuals from Stone Point Capital.

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.

Columbus-based has launched statewide in Missouri. ‘Where most traditional insurance companies require customers to fill out insurance applications with hundreds of questions, Branch developed a way to bundle home and...

Personal lines insurance startup has launched a new program to help customers continue to lower the cost of their insurance. Today, Vouch for Me begins its rollout in Ohio allowing customers of Branch...