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Funding
Kin secures USD 15 million investment from Activate Capital
InsurTech: Personal Lines
Feb 6, 2024
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InsurTech: Personal Lines

InsurTech: Personal Lines

Feb 6, 2024

Kin secures USD 15 million investment from Activate Capital

Funding

  • Kin Insurance, a digital homeowners insurance provider, has secured a USD 15 million investment from new investor Activate Capital. The funds were raised at a valuation exceeding USD 1 billion, bringing Kin's total funding to USD 458.2 million.

  • The company aims to use the new funds to accelerate its growth by expanding into new markets and developing new products.

  • Currently, Kin operates in eight states, serving around 115,000 policyholders. Its reciprocal exchange, Kin Interinsurance, accounts for nearly USD 345 million in premiums.

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