Oyster, a NYC-based personal insurtech company, announced its official launch from stealth and a $3.6M seed funding.
The round was led by New Stack Ventures and Cambrian Ventures.
The company intends to use the funds to expand operations and its business reach.
Co-founded by Vic Yeh, Jon Patel, and Nikhil Kansal, Oyster modernizes personal insurance by providing a transparent online experience for consumers at the point-of-sale. The company partners with merchants to cover high-end items like engagement rings, watches, e-bikes and more — offering peace of mind over homeowners and renters insurance, which typically have high deductibles, low single-item limits, and exclusions for category-specific risks.
FinSMEs
13/12/2022