Branch, a start-up offering bundled insurance, has raised $147m in Series C funding, alongside a $1.05bn valuation, proving critics wrong, and that unsteady markets are not impervious to growth. Branch, led by Steve Lekas, is unique in its offerings of bundled home and auto-insurance through an API and a single-transaction. Not only this, but Branch disrupts the insurance industry further through its partnership with mortgage and security system providers to integrate insurance at the point of sale. Ian Sigalow, co-founder and managing partner at original and continued Branch investor Greycroft, said his firm has backed the Insurtech in every round it has raised ‘since the beginning’, and will continue to do so.

Source: Tech Crunch

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