What is Sure?
Sure operates as the global insurance technology leader, empowering digital insurance by providing a sophisticated SaaS infrastructure for global brands and leading insurance carriers. These Fortune 500 companies leverage Sure's platform to build and launch embedded insurance products, thereby increasing revenue streams and accelerating market growth. The company's expertise in insurance, combined with its technology, is instrumental in transforming the customer experience within the digital insurance landscape.
How much funding has Sure raised?
Sure has raised a total of $123.1M across 4 funding rounds:
Angel/Seed
$2.6M
Series A
$8M
Series B
$12.5M
Series C
$100M
Angel/Seed (2016): $2.6M with participation from Fosun, ff Venture Capital, and Montage Capital
Series A (2017): $8M led by Plug and Play Insurtech, Menlo Ventures, Assurant, Amtrust Ventures, ff Venture Capital, IA Capital, and Nationwide Ventures
Series B (2019): $12.5M supported by W. R. Berkley Corporation
Series C (2021): $100M featuring WndrCo, Menlo Ventures, Declaration Partners, W. R. Berkley, and Kinnevik
Key Investors in Sure
Plug and Play Insurtech
Plug and Play Insurtech is an early-stage investor and accelerator focused on corporate innovation within the insurtech sector.
Menlo Ventures
Menlo Ventures is a venture capital firm that invests in early and growth-stage technology companies, often taking board roles to support founders through scaling.
Assurant
Assurant is a global business services company providing protection products and insurance solutions across various industries, emphasizing digital transformation and customer experience.
What's next for Sure?
The recent major strategic investment signifies a pivotal moment for Sure, likely enabling accelerated expansion of its technological capabilities and market reach. This capital infusion is expected to fuel further innovation in embedded insurance solutions and bolster its position as a key player in the digital transformation of the insurance industry. Strategic partnerships and continued product development will be crucial as Sure aims to solidify its leadership and capture a larger share of the evolving insurance market.
See full Sure company page
