Insurtech Kin grabs financing from Activate Capital, the home insurance game-changer.

TLDR:

• Insurtech company Kin has raised $15 million in financing from Activate Capital, a growth-stage VC firm.
• The funding will be used to accelerate Kin’s growth investments and expand into new markets and products.
• Kin is a direct-to-consumer digital insurer that focuses on the homeowners insurance market.

Insurtech company Kin has secured $15m in financing from venture capital firm Activate Capital. The direct-to-consumer digital insurer aims to use the funds to accelerate its growth investments and expand into new markets and products. Kin operates primarily in the homeowners insurance market and claims to offer coverage that is more convenient and affordable by eliminating the need for external agents. It uses a technology platform that provides a seamless user experience, customised coverage options, and fast, high-quality claims service. Kin already serves around 115,000 policyholders in eight US states.