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Gabi Personal Insurance raises $9.5M

Privately-held Gabi Personal Insurance Agency, Inc. has raised $9.5 million in a series A funding.

The funding was led by Canvas Ventures, along with Correlation Ventures, Northwestern Mutual Future Ventures, Securian Ventures and prior investors A.Capital Ventures and Project A.

Gabi intends to use the proceeds to accelerate its expansion in 2018.

San Francisco, Calif.-based Gabi provides insurance advisory and brokerage through its software application.

The company started off in 2017 in California and now operates in Ohio, Texas, North Carolina, Pennsylvania and Arizona.