Throw more confetti: Young Alfred raises $10M

Philadelphia-based personal lines, digital broker Credible Insurance announced a $10 million Series A round led by Gradient Ventures, Google’s AI-focused venture fund. Seed round investors Pear Ventures, ERA, and Newfund Capital also participated in this round.

Established in 2016 by Jason Christiansen and David Stasie, the company focuses on home insurance and has “direct relationships to over 30 insurance carriers, Young Alfred is the expert on home insurance for a broad range of geographies and home types.” “We have received a lot of inbound demand from fintechs and large players in the real estate industry looking for a seamless online home insurance shopping solution, which does not currently exist in the market” – David Stasie.

Last month, the company attracted close to 35,000 web visits with a 79% bounce rate.

Here’s how it works: A user completes an online form to later have an email sent to him with quotes. Although, the company does say it has removed the phone call from the home insurance transaction.

Finally, the Young Alfred is on track to release a Stripe-like API for partners looking to add P&C to their suite of consumer product offerings.

Bottom Line: Three years ago, Quilt and Bungalow were its competitors, now – Policygenius and  Bindable .