What is Sure?
Sure operates as the global insurance technology leader, dedicated to unlocking the potential of digital insurance. Its robust SaaS infrastructure enables Fortune 500 companies and leading insurance carriers to develop, deploy, and scale advanced embedded insurance offerings. By integrating insurance expertise with cutting-edge technology, Sure aims to enhance revenue streams, accelerate market growth, and revolutionize the customer experience within the insurance industry. The company's platform is designed to support the entire lifecycle of digital insurance products, from distribution and servicing to scaling operations.
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 ff Venture Capital, Montage Capital, and Fosun
Series A (2017): $8M led by IA Capital, Amtrust Ventures, ff Venture Capital, Plug and Play Insurtech, Assurant, Nationwide Ventures, and Menlo Ventures
Series B (2019): $12.5M supported by W. R. Berkley Corporation
Series C (2021): $100M featuring Declaration Partners, W. R. Berkley, Menlo Ventures, WndrCo, and Kinnevik
Key Investors in Sure
IA Capital
IA Capital Group is a New York-based private investment firm focused on venture and growth capital investments across insurtech and fintech, partnering with innovative entrepreneurs.
W. R. Berkley Corporation
W. R. Berkley Corporation is a global insurance holding company specializing in commercial lines property and casualty insurance, offering tailored solutions and risk management services.
Menlo Ventures
Menlo Ventures is a venture capital firm investing in early and growth-stage technology companies across sectors like enterprise software, consumer internet, and fintech, partnering with founders through multiple stages of scale.
What's next for Sure?
With its recent major strategic investment and substantial overall capital, Sure is well-positioned for accelerated growth and market leadership. The company's focus on empowering digital insurance distribution and scaling operations suggests a strategic push towards expanding its enterprise client base and enhancing its platform capabilities. Future developments are likely to involve further technological advancements in embedded insurance solutions, potentially exploring new distribution channels and deepening partnerships within the insurance ecosystem. The substantial backing indicates confidence in Sure's model to drive significant transformation and revenue generation in the insurtech sector.
See full Sure company page
