Insurance platform raises $45 million

Insurance platform

In case you missed it, San Francisco-based Vouch Insurance, a dedicated platform offering business insurance for start-up businesses, stated on Wednesday that it raised $45 million and would expand into California.

One significant trend to emerge over the past 2-3 years is the creation of Silicon Valley start-ups offering services to other young companies and entrepreneurs, from human resources to start-up-focused credit cards.

Whilst this is not currently a mature market, it is certainly one where growth needs to occur, hence, you are visiting Platform Executive.

Vouch has so far managed to raise $70 million. The company declined to disclose the valuation the capital raising was based upon. Y Combinator Continuity, the venture arm of Silicon Valley incubator Y Combinator, led the latest round.

The company’s co-founder and CEO, Sam Hodges, said that Vouch, which launched in Utah and Illinois in September, plans to offer coverage nationwide by the end of 2020.

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