InsurTech company Sure nets $100m in its Series C round

Sure, an InsurTech helping firms unlock the potential of embedded insurance, has closed its Series C on $100m.

The round was led by Declaration Partners and Kinnevik, with commitments also coming from WndrCo, FTAC Ventures, Expanding Capital and existing investors W. R. Berkley Corporation and Menlo Ventures.

With the capital backing, Sure has set its sights on global expansion, new product launches and customer experience improvements.

Over the past year, the InsurTech company has doubled its revenue and team size.

The company offers end-to-end embedded insurance infrastructure for brands and insurance carriers. Its APIs help a client quickly implement the solution, without masses of costs.

Its clients include Farmers Insurance, Chubb, Intuit, Betterment and Carvana.

The InsurTech also claims to have launched first-of-its-kind insurance programs for automotive manufacturers and a leading global credit card network.

Sure co-founder and CEO Wayne Slavin said, “This round will fuel our expansion, enabling us to help the insurance industry reach its full potential in an online era. Insurance, much like financial services, desperately needs modernized technology to meet the ‘right here, right now’ mentality of the modern customer.

“As carriers continue to prioritize digital transformation and brands expand financial services to include insurance, Sure is the proven platform to power insurance programs for the world’s largest companies.”

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