YouSet raises $2.6 million

Canadian insurance startup YouSet has raised ~$2.6 million from Don Fox (former Executive VP at Intact), Neil Mitchell (former Managing Director at Marsh), Joe Canavan (Principal of Canavan Capital), and Nicolas Bouchard (Founder of DuProprio). New investors include Jim Texier (former Head of Big Data at AXA), Phil Gibson (former Senior VP at Aviva), and Dan Robichaud (serial entrepreneur & investor).

Founded in 2017, YouSet claims that in 4 minutes or less, consumers can compare rates from major insurers. The startup offers car, home, condo, and tenant insurance, and today it announced the availability of bundled insurance policies from multiple insurers, allowing consumer to bundle home and auto insurance from different providers.

“If YouSet’s growth to date has taught us anything, it’s that Canadians are very eager to find better home and auto insurance at a lower cost, just as we’re dedicated to making it a reality. In today’s environment, most people are looking to cut their costs without compromising on quality. We make it easy for users to find the right policy and reduce their insurance bill, online and in minutes.” – Xavier Freeman, Co-Founder and CEO of YouSet.

“Insurtech is changing the way people shop for insurance around the world, and I’m excited to see how innovative companies like YouSet can revolutionize the industry right here in Canada. The company’s growth has been impressive and we believe that the value it delivers for Canadians will only increase. There is a large appetite for this all across Canada.” – Joe Canavan, an early investor in YouSet.