Tech Company Financing Transactions
PolicyGenius Funding Round
PolicyGenius, operating out of New York, secured $5.3 million in funding from Karlin Ventures and Susa Ventures.
Transaction Overview
Company Name
Announced On
6/15/2015
Transaction Type
Venture Equity
Amount
$5,300,000
Round
Series A
Investors
Karlin Ventures (Tianxiang Zhuo)
Proceeds Purpose
The funding will be utilized to support PolicyGenius' already accelerated growth by strengthening their existing product lines, refining individual insurance quoting engines and scaling their marketing and production teams within their Brooklyn, NY offices. The team will use access and insight from the strategic investors to quickly test and iterate new tools and services while expanding their reach and accessibility with expert content, partnerships and affiliates.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
22 West 19th St. 8th Floor
New York, NY 10011
USA
New York, NY 10011
USA
Phone
Website
Email Address
Overview
Frustrating is an understatement. Navigating the world of insurance is confusing, stressful and a step backward in time (hello, fax machines). And even after they've bought a policy, people worry they might still be on the hook for something they missed.
Management Team
Title
Name
Email & Social
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