<div>
  <ul>
    <li>
      <p>
        Kin Insurance, a digital homeowners insurance provider, has secured USD 33 million in a Series D extension round led by QED Investors, with participation from Geodesic Capital, Allegis Capital, and Alpha Edison, among others. Total funds raised by the company now stand at USD 443 million.
      </p>
    </li>
    <li>
      <p>
        The company stated that the business did not require new funds to be raised. However, the funding will improve its liquidity position and fuel its growth.
      </p>
    </li>
    <li>
      <p>
        Kin reported gross written premiums of USD 109.7 million (up 54.9% YoY) in 
        <a href="https://sp-edge.com/updates/21001">
          Q2 2023
        </a>
         and forecasts to generate over USD 370 million in total premiums in 2023.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        Kin had previously raised USD 15 million in a similar extension round in 
        <a href="https://sp-edge.com/updates/17249">
          March 2023
        </a>
        , with the funds aimed at expanding its product portfolio and market share.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20230913980242/en/Kin-lands-33M-in-fresh-financing-from-investors">
      Press release
    </a>
  </p>
  <p>
  </p>
</div>


Neo Insurance

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 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

Kin Insurance generates USD 47.6 in gross written premiums in 3Q 2022

Kin Insurance secures USD 145 million committed credit facility