Funding round
Kin Insurance Seed
Kin Insurance, which works in home insurance underwriting in Chicago, raised $4.0M in a Seed round announced on 1 Aug 2017. 5 firms took part. It is Kin Insurance's first venture round on record.
$4.0M
Amount raised
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
Kin Insurance did not disclose a valuation in this round. It is Kin Insurance's first venture round on record, 1 year after it was founded in 2016. It is 1.4% of the $282M Kin Insurance has raised in the venture rounds on record. Kin Insurance raised again 24 months later: a Growth round of $47M in Aug 2019.
Kin Insurance's funding rounds
Kin Insurance has 6 venture rounds on record and 3 other deals. This one is highlighted.
- Seed this round 1 Aug 2017 $4.0M
- Other not a venture round 11 Jun 2018 $13M
- Growth 27 Aug 2019, led by August Capital $47M
- Series B 13 Aug 2020, led by Commerce Ventures $35M
- Series C 10 May 2021, led by Senator Investment Group and Hudson Structured Capital Management $64M
- Series D 1 Mar 2022, led by QED Investors $82M
- Debt not a venture round 28 Oct 2022, led by Runway Growth Capital LLC and Avenue Capital Group $145M
- Debt not a venture round 8 Sep 2025, led by Wellington Management $200M
- Series E 8 Sep 2025, led by QED Investors and Activate Capital $50M
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- backs 55 venture-backed companies new investor
- Omidyar Network new investor
- 500 Global backs 327 venture-backed companies new investor
- backs 37 venture-backed companies new investor
- backs 64 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
31 Seed rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $2.6M, and this round was 1.5 times the median. The closest in time, other companies' Seed rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 30 Aug 2017 | $10M | not disclosed | Valar Ventures |
| Devoted Health Insurance - Agents, Carriers & Brokers | 22 Aug 2017 | $7.0M | not disclosed | Venrock |
| Insurance - Agents, Carriers & Brokers | 23 Aug 2017 | $2.6M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 26 Sep 2017 | $4.2M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 27 Jul 2017 | $3.5M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 26 Sep 2017 | $3.0M | not disclosed | Norwest |
| Insurance - Agents, Carriers & Brokers | 21 Jul 2017 | $1.6M | not disclosed | LocalGlobe |
| Insurance - Agents, Carriers & Brokers | 6 Sep 2017 | $492K | not disclosed | KK Fund |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Kin Insurance raise in its Seed round?
Kin Insurance raised $4.0M in its Seed round, announced in Aug 2017.
Which investors took part in Kin Insurance's Seed round?
Commerce Ventures, Omidyar Network, 500 Global, Chicago Ventures and Portage Ventures.
What was Kin Insurance's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Insurance - Agents, Carriers & Brokers?
31 Seed rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $2.6M, and this round was 1.5 times the median.
Did Kin Insurance raise again after this round?
Yes: a Growth round in Aug 2019 of $47M.