TEL AVIV (Reuters) – Subsequent Insurance coverage, a digital insurance coverage firm for small companies, mentioned on Wednesday it has raised $83 million, bringing its complete raised in two years to $131 million.
Led by Redpoint Ventures, this funding will allow Subsequent Insurance coverage to proceed its enlargement in the USA as a full service insurance coverage service, provide protection to extra courses of enterprise and develop inner operations in the USA and Israel, the corporate mentioned.
Different buyers that participated within the spherical embrace Nationwide Insurance coverage, Munich Re, American Categorical Ventures, Ribbit Capital, TLV Ventures and Zeev Ventures.
Subsequent Insurance coverage is a licensed service in Delaware, Oklahoma, Arizona, North Carolina, Texas, New Mexico, Maryland and Utah, and is increasing to all 50 U.S. states.
Based by three Israeli entrepreneurs, it’s headquartered in Palo Alto and has a analysis and growth middle in Israel.
Reporting by Tova Cohen; Modifying by Steven Scheer