Insurance provider INSHUR secures $35 million in growth capital funding, courtesy of Trinity Capital.
INSHUR, a leading insurance provider for the on-demand economy, has secured a significant investment of $35 million from Trinity Capital. This funding will support INSHUR's U.S. expansion, AI research for underwriting, and the development of autonomous vehicle solutions.
Dan Bratshpis, CEO and co-founder of INSHUR, expressed his excitement about leveraging deep insurance and technology expertise to further develop the service offering, including innovative areas such as autonomous vehicles.
The rapid international growth of INSHUR, which began in 2023, has consistently shown a compound annual growth rate (CAGR) exceeding 50%. This growth has propelled the company to surpass 1 million policies in the U.K. and establish a global presence, offering commercial insurance for drivers, fleet operators, and delivery platforms.
Trinity Capital's Director of Tech Lending, Jack McNamara, expressed his excitement about partnering with INSHUR. According to McNamara, the path to profitability for INSHUR is clear. He also mentioned that this investment will aid INSHUR in accelerating its U.S. and global expansion, as well as in establishing new platform partnerships.
The transaction was facilitated by Edge OMC's registered investment banking agent, associated with Burch & Company. Burch & Company served as the sole advisor to INSHUR in connection with the transaction.
With this new funding, INSHUR aims to continue solidifying its leadership in insurance solutions for the on-demand economy. The company's platform provides tech-enabled, flexible insurance tailored to on-demand drivers, making it an essential player in the evolving insurance landscape.
