Trinity Capital commits $35 million to INSHUR

Alternative asset manager Trinity Capital announced the commitment of $35 million in growth capital to commercial car insurance startup INSHUR. In October 2024, the startup announced a $19 million funding round, which brought funding to date to ~$79 million.

INSHUR provides commercial insurance for on-demand mobility drivers, fleet operators, and delivery platforms across the mobility and delivery sectors. The company recently surpassed 1 million policies sold in the U.K., one of its core markets.

This capital will help grow INSHUR’s continued expansion across the U.S., advance its research into AI technologies for underwriting and real-time pricing, develop new solutions for the autonomous vehicle market, and expand partnerships with platforms offering on-demand services.

“INSHUR understands the unique challenges of drivers across the on-demand economy and is delivering tailored insurance solutions designed to specifically meet those needs. We are excited to partner with their team as they continue to scale operations and deliver accessible coverage to drivers around the world.” – Jack McNamara, Director of Tech Lending at Trinity Capital.

“With a consistent >50% CAGR since 2023, rapid international growth and a clear path to profitability, this raise helps INSHUR continue to cement its position as the leader in insurance solutions for the on-demand economy. Trinity Capital’s support will enable us to accelerate our U.S. and global expansion, and to leverage our deep insurance and technology expertise to further develop our service offering into innovative and upcoming areas such as autonomous vehicles.” – Dan Bratshpis, CEO and Co-founder of INSHUR.