Insurtech startup Branch secured $24 million in a series A funding round co-led by Greycroft Partners LLC and HSCM Bermuda.
Signalfire LLC, Scor Global P&C SE, Elefund, Foundation Capital were new participants, alongside returning investors American Family Ventures and Revolution's Rise Of The Rest Seed Fund. Individuals from Stone Point Capital LLC also participated in the funding round.
Branch, which launched in Arizona, Illinois, Missouri, Ohio and Texas over the last 12 months, will use the funding to spearhead a strategic nationwide expansion plan through 2021. It offers bundled home and auto insurance.