Insurance Startup Built on Vouch.us Attracts $90 Million in New Funding - Company Valued at $550 Million

By Ron Jackson

As reported by TechCrunch today, Vouch, a provider of business insurance to startups and high-growth companies located at Vouch.us, today announced that the company has added $90 million in new funding. TechCrunch noted that the latest funding raised the total Vouch has raised since its inception in 2018 to $160 million. Ribbit Capital currently values Vouch at $550 million (thanks to Elliot Silver at DomainInvesting.com for directing us to the report).

Like many new companies, Vouch found that the name they chose was already taken in .com (by a company that helps parents find local tutors in their area that come with high recommendations). As an American company, .US gave Vouch a perfect option and they are clearly thriving in their online home as well as at their San Francisco address in the physical world.

This is becoming an increasingly common success story. Earlier this week we told you about Tango.us, another blossoming startup that just attracted a $5.7 million venture capital investment.

TechCrunch noted that Vouch, a licensed insurance carrier, "describes itself as “a new kind of insurance platform” for startups that offers fully digital, tailored coverage that takes just minutes to activate.”  In the company's own announcement about the funding, they stated "Operating climates have changed and so have the risks startups face. In response, Vouch has developed a broader range of insurance coverages and invested in our technical capabilities to better serve startups and our partners." 

Posted Sept. 10, 2021. Permalink for this story: 
https://www.adn.us/news-views/2021/0910.htm
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