PriyaPatel
TLDR:
Key points:
- Vouch raised $25 million in a funding round led by Ribbit Capital
- The company saw strong performance in 2023 with 66% year-over-year revenue growth
The article discusses Vouch, a leading provider of business insurance for high-growth companies, announcing the closure of a $25 million Series C-1 funding round led by Ribbit Capital. The funding round was oversubscribed and follows a successful year of business performance, including 66% year-over-year revenue growth and favorable loss ratio outcomes. The CEO of Vouch, Sam Hodges, highlighted the company’s achievements in 2023 and its dedication to delivering cutting-edge insurance solutions tailored to the technology sector.
In addition to the funding announcement, Vouch expanded its reinsurance panel, launched AI Insurance to mitigate AI risks, and continued to win key accounts with Vouch Horizon. The company also made strategic leadership appointments and invested in its team by adding over 70 employees. The funding will enable Vouch to expand its insurance product set, distribution channels, and technology platform.
Vouch has raised over $185 million from top-tier Silicon Valley institutions and investors since its inception in 2018. The company focuses on empowering clients through niche expertise, proprietary pricing and underwriting approaches, and digital-first procurement. Vouch remains dedicated to providing tailored insurance solutions to meet the unique needs of high-growth technology companies.
