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§ Private Profile · Columbus, OH, USA
Provides affordable personal lines insurance for home, auto, and renters, with online bundling and instant quotes.
Based in Columbus, Ohio, Branch Insurance is a direct-to-consumer property and casualty insurtech company that provides bundled home, automobile, and renters insurance policies through an instant online quoting platform. The company's personal lines insurance policies are underwritten by the Branch Insurance Exchange and General Security National Insurance Company, with additional financial backing provided by global reinsurer SCOR SE. After pioneering its online home and auto bundling capabilities in August 2019, the firm expanded its geographic footprint to six states by early 2021, targeting availability to 80 percent of the United States population. Alongside its core commercial operations, the enterprise manages community-focused cost-reduction programs like Community Drive and operates SafetyNest, a dedicated nonprofit organization designed to assist uninsured populations. Branch Insurance was officially founded in 2017 by insurance industry veterans Steve Lekas and Joe Emison.
Branch Insurance has raised $197.0M across 2 funding rounds.
Branch Insurance has raised $197.0M in total across 2 funding rounds.
Branch Insurance has raised $197.0M in total across 2 funding rounds.
Branch Insurance's investors include Weatherford Capital, Acrew, American Family Ventures, Anthemis, Gaingels, Greycroft, HSCM Ventures, Narya Capital, SignalFire, Tower IV, Ruth Foxe Blader, Cherry Creek Holdings.
Branch Insurance has raised $197.0M across 2 funding rounds. Most recently, it raised $147.0M Series C in June 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 10, 2022 | $147M Series C | Weatherford Capital | Acrew, American Family Ventures, Anthemis, Gaingels, Greycroft, Hscm Ventures, Narya Capital, SignalFire, Tower IV | Announced |
| Jun 9, 2021 | $50M Series B | Ruth Foxe Blader | Acrew, American Family Ventures, Cherry Creek Holdings, Foundation Capital, Greycroft, Hudson Structured Capital Management, SCOR Ventures, SignalFire, Tower IV | Announced |