Insurtech startup Kin Insurance Inc. raised $47 million in funding to launch its Florida home insurance carrier, Kin Interinsurance Network.
The investors in the latest financing round were led by August Capital and included Avanta; Hudson Structured Capital Management Ltd., doing business as HSCM Bermuda; UChicago Startup Investment Program; and others.
TigerRisk Capital Markets & Advisory served as transaction adviser and placement agent to Kin Insurance in forming Kin Interinsurance Network.
Kin Insurance is a managing general agent and brokerage with operations in Texas, Georgia and Alabama.
