Vouch raises $25 million

Business insurance startup Vouch Insurance announced the closure of a $25 million Series C-1 funding round, led by Ribbit Capital.

The insider-led round was “oversubscribed” and follows a year of strong business performance, including 66% year-over-year revenue growth and favorable loss ratio outcomes, according to the startup.

In 2023, Vouch also increased its reinsurance panel from four to seven partners.

Vouch’s previous capital raise was announced in 2021 and included a $60 million Series C round and a $30 million Series B1 round.

“2023 was a landmark year for Vouch, driven by our team’s dedication and our investors’ belief in our mission. I’m proud that we’re one of the few companies in our market that has achieved our goals despite industry headwinds, balancing pursuit of our big vision with strong business performance. And most importantly, we’ve been there when our clients need us most, successfully resolving hundreds of claims – many of which are complex and potentially company-limiting – totaling many millions of dollars. This additional equity funding enables us to expand our insurance product set and distribution channels and also to continue investing in our technology platform.” – Sam Hodges, Co-founder and CEO of Vouch.