Kin, a B2C home insurance provider, has received $145 million in committed debt facility led by Runway and Avenue. The first $100 million was funded immediately while the remaining $45 million will be handed over in two tranches once the company hits certain milestones. Sean Harper, Kin’s CEO, said, ““We’re pleased to work with such thoughtful and steady growth partners like Runway and Avenue who understand our needs and want to help strengthen our position.”

Source: Businesswire

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