What is Inshur?
Founded in 2017 and operating with management and technical teams in New York and London, Inshur distinguishes itself as the sole mobile-first platform for commercial auto insurance tailored to the needs of TLC (Transportation Network Company) drivers. The company's free mobile application, available on both Android and iOS, empowers drivers to obtain quotes, purchase, and service their insurance policies conveniently. Inshur's value proposition centers on providing on-demand quotes and coverage within minutes, backed by A- AMBest rated capacity. This digital-first strategy eliminates the traditional complexities associated with insurance procurement, such as dealing with brokers, waiting for quotes, and managing paperwork, thereby streamlining the process for owner-operator drivers in major metropolitan areas.
How much funding has Inshur raised?
Inshur has raised a total of $116.5M across 4 funding rounds:
Series A
$1.5M
Series B
$61M
Other Financing Round
$19M
Other Financing Round
$35M
Series A (2019): $1.5M with participation from Munich Re Ventures, MTech Capital, and Viola Fintech
Series B (2023): $61M led by MTech Capital, Viola Fintech, and Jerusalem Venture Partners
Other Financing Round (2024): $19M supported by Ms&ad Ventures and Viola Growth
Other Financing Round (2025): $35M featuring Trinity Capital
Key Investors in Inshur
MTech Capital
MTech Capital is a venture capital firm focused on investing in early-stage companies that are addressing challenges in the insurance and financial services sectors, particularly through the application of AI. The firm partners with founders globally, primarily in North America and Europe, to enhance customer experiences and improve employee productivity.
Viola Fintech
Viola Fintech is a venture capital firm that invests in financial technology companies. It focuses on supporting innovative startups in the fintech sector, providing capital and strategic guidance to help them scale and achieve market leadership.
Jerusalem Venture Partners
Founded in 1993, JVP is an international venture capital firm that specializes in investments in startup companies, focusing on digital media, enterprise software, semiconductors, data storage and cyber security. JVP is located in Israel.
What's next for Inshur?
The recent major strategic investment signifies a pivotal moment for Inshur, likely enabling the company to accelerate its expansion initiatives, enhance its technological infrastructure, and broaden its market reach. As a company operating in the dynamic insurtech landscape, this capital infusion is expected to fuel further innovation in its mobile-first insurance solutions. The strategic nature of the investment suggests potential collaborations or synergies with the investing entities, aimed at solidifying Inshur's competitive advantage and driving sustained growth in the commercial auto insurance market.
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