Inshur, a NYC-based provider of embedded insurance product to the on-demand economy, raised $19M in funding.
The round was led by Viola Growth, with participation from MS&AD Ventures and existing investors.
The company intends to use the funds to continue to build on momentum driven in 2023, including its growth through its acquisition of ABI and partnerships with on-demand economy platforms including Uber and Amazon Flex.
Founded in 2016 and led by CEO Dan Bratshpis, Inshur provides embedded insurance solutions and complementary technology integrations for digital platform providers such as Uber and Amazon. Thanks to its capabilities and claims handling, it offers a personalized suite of products that protects the wellbeing of on demand livery and delivery drivers, providing flexible coverage and protection which adapts to the job.
The company, which has offices in US, UK and Netherlands, also appointed Bill Walrath as its Director of US Markets to lead US insurance business operations and expansion across rideshare, last mile delivery, carshare and new market segments.
FinSMEs
16/10/2024