YouSet raises $2.1 million

Canadian P&C broker YouSet , formerly Allset, closed a $2.1 million pre-seed round. The funding comes primarily from angel investors.

Founded in 2017, YouSet (a team of 11) allows Canadians to buy and compare home and auto insurance. According to the company, its platform saves users nearly 30% on average on their home and auto insurance costs and does so in under 4 minutes.

“It’s a great day for our entire team. We have been working for years towards our vision of making the process of buying insurance more efficient and today’s news is an important milestone on our journey. We believe that this investment from individuals with such tremendous industry experience is an acknowledgement that our vision is the right one. We are just beginning to scratch the surface of our true potential.” – Xavier Freeman, Co-Founder and CEO of YouSet.

“YouSet is an exciting young insurtech with great potential. Xavier and his team have a clear vision for enhancing the entire insurance buying experience from end-to-end. They make it faster, easier and less expensive to find the right home and auto insurance policy. A stress free process for buying insurance is something Canadians want and have embraced. That creates tremendous growth potential for the business.” – Don Fox, former Executive Vice President at Intact.