What is Captain?
Headquartered in San Francisco, CA, with operations in Louisville, KY, Captain addresses the critical need for post-natural disaster repairs. The company advances funds to contractors to cover materials, labor, and associated fees for policyholder repairs, streamlining the recovery process by bypassing direct insurer involvement. This innovative approach aims to ensure policyholders can commence and complete repairs promptly after experiencing natural disasters.
How much funding has Captain raised?
Captain has raised a total of $104M across 2 funding rounds:
Debt
$100M
Angel/Seed
$4M
Debt (2022): $100M with participation from CoVenture
Angel/Seed (2022): $4M led by Red Swan Ventures, The NFX, and GGV Capital
Key Investors in Captain
Red Swan Ventures
Red Swan Ventures, a venture capital firm based in New York, New York, is no longer actively investing and prefers not to take board seats on its portfolio companies.
The NFX
NFX is a venture capital firm that invests in pre-seed and seed-stage startups across various sectors, including gaming, generative AI, and fintech, providing both funding and resources to founders.
GGV Capital
GGV Capital is a global venture firm founded in Silicon Valley and Singapore, investing in seed-to-growth stage companies across social/internet, enterprise tech, and smart tech sectors.
What's next for Captain?
The recent major strategic investment suggests Captain is entering a significant growth phase, likely focused on scaling its operations and expanding its reach across disaster-affected communities. This capital infusion is expected to bolster its capacity to provide timely financial assistance, reinforcing its mission to expedite storm recovery efforts nationwide. The company's trajectory indicates a strategic move towards solidifying its position as a key player in disaster recovery financing.
See full Captain company page
