InsurTech firm Inshur featured in Oxbow Impact 25 father successful Series A
InsurTech is one of the rising stars of the UK Startup scene. Investment in the sector reached new heights in
Launched in New York in 2016, Inshur provides professional drivers with a TNC (Transportation Network Company) license, in as little time as it takes one of their customers to request their cab through an app.
When celebrating the company’s first birthday in June 2017, one of Inshur’s Founders summarized that:
“We are witnessing a new era, focused on removing the friction from manual processes and putting customer-centric thinking and technology at the centre of the experience. From these forces, the #insurtech industry has arisen.”
In November 2018, Inshur moved its headquarters to the UK and settled in Brighton. By then, the app had already managed to sell a policy in the record time of 117 seconds (yeah, that’s under two minutes!)
Earlier this year they closed their Series A investment round, which secured them $7m with a $2m credit facility, led by Munich RE HSB/Ventures and MTech Capital. Only a couple of weeks later, they were featured in the
“There are many
And in reaction to their win, Inshur said: “As an ambitious, young and fast-growing business, we are humbled by such recognition. The team on both sides of the Atlantic have worked tirelessly to get us to where we are
We’re really proud to work with Inshur, so congratulations to them on such a great start to a promising journey.
Onwards and upwards!