NEW YORK, NY, Boost Insurance today announced that it has completed a $20 million Series B financing round.
Boost Insurance, the leading B2B digital insurance platform, today announced that it has completed a $20 million Series B financing round to fuel growth of its platform, new product development and partner marketing. The round was led by RRE Ventures and included new investors Fin VC, Gaingels, Hack VC and a global publicly traded reinsurance company along with existing investors Greycroft, Coatue, and Conversion Capital. Boost's funding since inception totals $37 million.
Boost enables companies across all segments to build, embed and manage digital insurance products, and deliver them through a fully embedded experience within their own front-end environments. Boost's infrastructure-as-a-service platform significantly reduces the cost of building and managing an insurance company by packaging the necessary operational, compliance, and capital components and making them accessible through a simple API integration. Through its managing general agency subsidiary, Boost Insurance Agency, Inc., Boost is licensed and authorized to produce any type of insurance across all 50 states. Boost is appointed by 'A'-rated fronting carriers and has its own dedicated reinsurance facility backed by global reinsurers. For more information, please visit boostplatform.io.
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