INSHUR, an insurance company serving the on-demand economy, has secured $35m in growth capital from private equity firm Trinity Capital.
Founded in 2016, INSHUR operates in the UK, US, and Netherlands, offering commercial insurance for drivers, fleet operators, and delivery platforms.
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The company intends to use the funding to support its expansion in the US and enhance its AI-driven tools for underwriting and dynamic pricing.
The company also plans to develop solutions for autonomous vehicles and strengthen partnerships with on-demand service platforms.
INSHUR CEO and co-founder Dan Bratshpis stated: “Trinity Capital’s support will enable us to accelerate our US and global expansion, and to leverage our deep insurance and technology expertise to further develop our service offering into innovative and upcoming areas such as autonomous vehicles.”
INSHUR works with platforms like Uber and Amazon and is a preferred insurance provider for Uber drivers in select European and North American regions.
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By GlobalDataTrinity Capital tech lending director Jack McNamara said: “INSHUR understands the unique challenges of drivers across the on-demand economy and is delivering tailored insurance solutions designed to specifically meet those needs.
“We are excited to partner with their team as they continue to scale operations and deliver accessible coverage to drivers around the world.”
Burch & Company, through its investment banking agent at Edge OMC, served as the sole advisor to INSHUR for the funding deal.
