Surround Insurance, a Boston, MA-based insurance company, raised $2.5M in Seed funding.
The round was led by MassMutual through the MM Catalyst Fund, with participation from Aperture VC, Newark Venture Partners, and Cameron Ventures.
The company intends to use the funds to to expand its product and distribution footprints.
Founded by Jay Grayson and Kate Terry, Surround Insurance is an insurance company for driving, renting, and freelancing, which combines innovative products with expert advice through independent agents, mobility platforms, embedded channels, and directly through the Surround Insurance Agency. Its platform provides:
- The Customizer – to Match users’ lifestyle to the right insurance for them
Insurance Advisor in Your Pocket, which enables users to connect with a live agent for expert advice, not a bot.
Insurance Starter Packs, to get a personalized insurance bundle in a few minutes.
Surround products are currently available in Massachusetts and will be available in eight additional states in early-2023. The company distributes through independent agents, partners such as Nerdwallet, and directly to consumers through the Surround Insurance Agency.
FinSMEs
22/11/2022