Policygenius, an online insurance marketplace, has secured $100m in Series D funding round.

The round was led by global investment firm KKR. As part of the investment, KKR’s Allan Jean-Baptiste and Jake Heller will join Policygenius’ Board of Directors.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The company’s existing major backers including Norwest Venture Partners, Revolution Ventures, Susa Ventures, MassMutual Ventures, AXA Venture Partners and Transamerica Ventures also joined in the round.

Policygenius plans to use the new proceeds to bolster its team and expand its consumer financial protection product portfolio.

Founded in 2014, Policygenius allows users to compare and purchase insurances. Since its launch, it is said to have assisted more than 30 million people and have issued $45bn in live coverage to date.

The company has offices in New York City and Durham, North Carolina. In 2017, it raised $30m in Series C round.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Policygenius CEO and co-founder Jennifer Fitzgerald said: “Our technology platform delivers a seamless and easy experience for comparing, buying and switching insurance, at scale, nationwide.

“But what we’re exceptionally proud of is how Policygenius removes the complex and often misleading aspects of the insurance purchasing business entirely.

“With the support of our investors, we look forward to expanding our reach and product portfolio to broader financial wellness.”

Allan Jean-Baptiste said: “With increased competition in the insurance sector, we believe there’s a need for platforms where customers can easily manage their relationships across a number of insurance policies and carriers throughout their lifetime.

“Policygenius has created a model to provide for exactly this, set apart by its sophisticated proprietary technology, and the traction of its marketplace platform among carriers and consumers alike.”