SAN FRANCISCO, CA, DigiSure has raised $13 million in funding led by Morado Ventures.
DigiSure, the first company to go beyond credit and driving history for mobility and shared economy businesses, today announces the launch of its embedded protection platform to offer instant, individualized micro-insurance policies for better, safer coverage. The company is also announcing $13M in funding led by Morado Ventures, with participation from Xplorer Capital, Valor Equity Partners, Clocktower Technology Ventures, True North Cos, and ex-Upwork CEO Fabio Rosati, to help grow its team and scale operations.
Founded in 2018 by a team of experienced entrepreneurs and operators from companies including Yahoo!, Uber, Mastercard, and JPMorgan, DigiSure is the first company to screen and underwrite simultaneously, enabling mobility and shared economy companies to offer personalized microinsurance policies and dramatically reduce losses. Through its proprietary Protection Suite and underwriting technology, DigiSure applies machine learning and AI technology to instant underwriting, fraud detection and credit scoring for dynamic pricing that provides transparency and reduces insurance costs.
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