According to published reports, Consumer United, Inc., an online insurance agency started six years ago, has raised $52.5 million in financing to continue its expansion across the country.

The firm raised $22.5 million in venture capital in a round led by Boston venture capital firm Spark Capital and New York investment company Thayer Street Partners, plus another $30 million in other available credit from Thayer Street.

Consumer United is an online community that uses group buying power to negotiate better deals on basic services from top providers. Users can join hundreds of Consumer United members who have saved $1000 - $3000+ per year.