Kin Insurance has raised $13 million in funding to expand its innovative online home insurance services nationally and appointed industry veteran Caribou Honig to its board.

Target Information

Kin Insurance is an innovative insurtech startup focused on simplifying and enhancing the home insurance experience for homeowners. Launched in 2017, the company initially provided services to customers in Florida and Texas but is now poised for national expansion. Recently, Kin secured $13 million in funding, which will enable it to broaden its offerings and enhance its product suite throughout the United States. With a mission to transform the home insurance landscape, Kin aims to make insurance more accessible and affordable for homeowners.

In addition to the funding, Kin has appointed Caribou Honig, the chairman and co-founder of the InsureTech Connect conference, to its board. Honig, also a founding partner at QED Investors, brings extensive experience in insurance and data-driven marketing, which will be invaluable as Kin navigates its growth trajectory and implements strategic initiatives aimed at reinforcing its market position.

Industry Overview

The insurtech industry in the United States has seen considerable evolution in recent years, driven by technological advancements and changing consumer expectations. These advancements have enabled startups like Kin Insurance to enter the market and cha