Funding round
Kin Insurance Series D
Kin Insurance, which works in home insurance underwriting in Chicago, raised $82M in a Series D round announced on 1 Mar 2022, led by QED Investors. 10 firms took part, 8 of them already investors. It is Kin Insurance's fifth venture round on record; the one before was a Series C in May 2021.
$82M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Kin Insurance did not disclose a valuation in this round. It came 10 months after Kin Insurance's Series C. It is 29% of the $282M Kin Insurance has raised in the venture rounds on record. Kin Insurance raised again 42 months later: a Series E round of $50M in Sep 2025.
Kin Insurance's funding rounds
Kin Insurance has 6 venture rounds on record and 3 other deals. This one is highlighted.
- Seed 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 this round 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
QED Investors led the round with 9 other firms. QED Investors, Commerce Ventures, Flourish Ventures and Hudson Structured Capital Management and 4 more had backed Kin Insurance before.
Lead investor
- QED Investors backs 160 venture-backed companies existing investor
Also in the round
- backs 55 venture-backed companies existing investor
- backs 67 venture-backed companies existing investor
- backs 14 venture-backed companies existing investor
- backs 25 venture-backed companies existing investor
- backs 24 venture-backed companies existing investor
- backs 14 venture-backed companies existing investor
- backs 38 venture-backed companies existing investor
- Geodesic Capital backs 45 venture-backed companies new investor
- backs 11 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
14 Series D rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $200M, and this round was 41% of the median. The closest in time, other companies' Series D rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 12 Apr 2022 | $200M | $2.20B | Goldman Sachs Asset Management and B Capital |
| wefox Insurance - Agents, Carriers & Brokers | 12 Jul 2022 | $400M | $4.50B | Mubadala |
| Devoted Health Insurance - Agents, Carriers & Brokers | 8 Oct 2021 | $1.20B | $12.70B | not named |
| Insurance - Agents, Carriers & Brokers | 27 Oct 2021 | $255M | $1.10B | General Atlantic and Multiples |
| Insurance - Agents, Carriers & Brokers | 4 Oct 2021 | $100M | $900M | Thomvest Ventures and OMERS Private Equity |
| Insurance - Agents, Carriers & Brokers | 14 Oct 2021 | $20M | $1.35B | not named |
| Pie Insurance Insurance - Agents, Carriers & Brokers | 1 Sep 2022 | $315M | not disclosed | Centerbridge Partners and Allianz X |
| Insurance - Agents, Carriers & Brokers | 1 Nov 2022 | $70M | not disclosed | Dawn Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Kin Insurance raise in its Series D round?
Kin Insurance raised $82M in its Series D round, announced in Mar 2022.
Who led Kin Insurance's Series D round?
QED Investors led it, with Commerce Ventures, Flourish Ventures, Hudson Structured Capital Management, AlphaEdison and Allegis Capital and 4 more.
What was Kin Insurance's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Insurance - Agents, Carriers & Brokers?
14 Series D rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $200M, and this round was 41% of the median.
Did Kin Insurance raise again after this round?
Yes: a Series E round in Sep 2025 of $50M.