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        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.
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        The company aims to use the new funds to accelerate its growth by expanding into new markets and developing new products.
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        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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  <p>
    <a href="https://www.coverager.com/kin-raises-15-million/">
      Coverager
    </a>
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  <p>
    <a href="https://www.reinsurancene.ws/kin-raises-15m-in-financing-from-new-investor-activate-capital/">
      Reinsurance News
    </a>
  </p>
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Neo Insurance

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 <p>Digital homeowners insurance provider, Kin Insurance, has obtained a USD 15 million investment from Activate Capital. The funding raised the company's valuation over USD 1 billion, resulting in a total funding of USD 458.2 million.</p>
 <p>Kin Insurance plans to utilise the new investment to increase its growth. This will be accomplished by entering new markets and creating new products.</p>
 <p>At present, Kin is operational in eight states and provides services to nearly 115,000 policyholders. Kin Interinsurance, its reciprocal exchange, is responsible for approximately USD 345 million in premiums.</p>
 
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Kin secures USD 15 million investment from Activate Capital

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 <p>Digital homeowners insurance company, Kin Insurance, continues its national expansion with new coverage now available in Texas. This latest development marks the firm's entrance into an eighth state, joining Alabama, Arizona, Florida, Louisiana, Mississippi, South Carolina, and Virginia. </p>
 <p>In the first nine months of 2023, Kin Insurance's written premiums reached a notable USD 268 million.</p>
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Digital home insurer Kin expands to Texas

Digital homeowners insurance provider Kin Insurance has raised $33 million in a Series D extension round, led by QED Investors. This brings the total funds raised by the company to $443 million. Kin stated that while the business did not require new funds, the funding will improve its liquidity position and fuel its growth. In Q2 2023, Kin reported gross written premiums of $109.7 million, up 54.9% year over year, and expects to generate over $370 million in total premiums in 2023. The additional funding follows a $15 million extension round raised by Kin in March 2023.

All Updates

Kin secures USD 15 million investment from Activate Capital

Digital home insurer Kin expands to Texas

Kin raises USD 33 million in Series D extension round

Kin Insurance surpasses USD 100 million in gross premiums written in Q2 2023

Kin Insurance expands to Arizona

Home insurer Kin expands to Alabama

Kin Insurance reports select Q1 2023 earnings; records double-digit increase in gross written premiums

Kin Insurance expands to Mississippi

Kin Insurance raises USD 15 million in an extended Series D funding round

Kin Insurance expands home and property insurance to South Carolina