Vouch, a business insurance solutions provider headquartered in San Francisco, US, has agreed to acquire small business-focused StartSure Insurance Services’ team and book of business.
Financial terms of the transaction remain undisclosed.
The definitive deal stipulates the transfer of StartSure’s team, including CEO Tim DiPietro, to Vouch.
New York-based StartSure’s clients can access insurance products through Vouch’s brokerage team, while Vouch clients will gain access to StartSure’s managing general agent programmes for coworking and inventory insurance.
DiPietro added: “Vouch is a natural home for StartSure. We share a commitment to making insurance simple and accessible for founders. Joining forces means our clients will benefit from expanded resources, broader coverage options through Corix and Vouch’s reputation for exceptional service.”
The company also announced the first close of its Allegis Capital-led Series D fundraise.
Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Company Profile – free
sample
Thank you!
Your download email will arrive shortly
We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form
By GlobalData
Other “major” investors also contributed to this investment round.
With the funding and acquisition, the company aims to offer start-ups better access to insurance solutions.
Vouch CEO Sam Hodges said: “Through this Series D financing and joining forces with StartSure, Vouch is expanding our capabilities to provide unmatched service and innovative products to high-growth companies. StartSure’s expertise in insuring start-ups and flexible workspaces aligns perfectly with our mission, and our latest funding will allow us to expand our brokerage capabilities and develop new insurance products.”
This move follows the launch of Corix, an MGA brand created by Vouch.
In March 2024, Vouch completed its Series C-1 funding round with a $25m raise, led by Ribbit Capital.
Set up in 2018, the company raised funds from Silicon Valley institutions and investors including Allegis, Anthemis, MS&AD Ventures, Redpoint Ventures, Ribbit Capital and Y Combinator.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.