![]() ![]() KKR principal Allan Jean-Baptiste said, “With increased competition in the insurance sector, we believe there’s a need for platforms where customers can easily manage their relationships across a number of insurance policies and carriers throughout their lifetime. ![]() ![]() Policygenius released a new property and casualty insurance offering last year and in just 12 months it was able to scale to over $10m in revenue. The company has issued a total of $45bn in life coverage to date. The US-based company was founded in 2014 and empowers consumers to compare life, home, auto, disability and renters insurance. Policygenius is an online marketplace which helps consumers to find the best insurance products for them. With the new capital, the company is looking to hire more staff and release new financial protection products later in the year. The round was led by KKR, with contributions also coming from Norwest Venture Partners, Revolution Ventures, Susa Ventures, AXA Venture Partners, MassMutual Ventures and Transamerica Ventures. Policygenius, an online marketplace for insurance comparison, has collected $100m in its Series D round. ![]()
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