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SelectQuote operates as a direct-to-consumer insurance exchange, providing unbiased price comparisons for various insurance products such as life, home, auto, and Medicare. Its platform simplifies the insurance shopping process by aggregating offerings from multiple trusted carriers, enabling individuals to find coverage that suits their specific needs and budget. The company’s approach is centered on transparency and choice, making complex insurance decisions more accessible.
SelectQuote was founded in 1985 by Charan Singh. The company originated from the insight that consumers lacked an unbiased and transparent way to compare insurance options. Singh established SelectQuote to pioneer a direct-to-consumer model for term life insurance, offering individuals the ability to compare prices and policies from numerous providers, thereby removing traditional barriers to shopping for coverage.
SelectQuote primarily serves individuals and families seeking to protect their financial well-being, health, and assets. Its platform caters to first-time buyers, those seeking better rates, or individuals needing additional coverage across different insurance types. The company's long-term vision is to continue empowering consumers by simplifying the insurance buying process, ensuring they secure the necessary protection at a competitive price, and acting as a trusted resource in their insurance decisions.
SelectQuote has 1 tracked investment across 1 company. The latest tracked deal is $10.0M Series B in BrainCheck in November 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 1, 2021 | BrainCheck | $10.0M Series B | Next Coast Ventures, S3 Ventures | Freestyle Capital, Harrison Metal, Summit Partners, True Wealth Ventures, Nueterra Capital, Tensility Venture Partners, Adele Towers |