California-based insurtech Bamboo plans to grow further with backing from specialist insurtech VC Eos Venture Parnters. The $16 million Series A round will help the company grow further in California while building out a location in Bermuda to serve the insurance market. John Chu, Founder and Chief Executive Officer of Bamboo, said, “The completion of our Series A round marks an exciting inflection point for Bamboo. After successfully refining our underwriting model and distribution capabilities over the past 3 years in the California market, Bamboo will now embark on a product and geographic expansion plan while remaining true to our profitable underwriting philosophy.”

Source: FF News

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