Branch offers standard auto insurance coverages like liability, comprehensive and collision, plus a few other non-traditional protections, such as rideshare coverage. The insurtech startup utilizes innovative technology to make bundling home and auto insurance online quicker and easier.
Branch (then Branch Metrics) was founded in April 2014 by Alex Austin, Mada Seghete, Mike Molinet, and Dmitri Gaskin in Palo Alto. Launched in 2019, their full-stack insurance service uses data, technology, and automation to make home and auto insurance easy to buy. Its system can instantly bind and bundle auto and home insurance policies.
The company has reportedly grown its annualized written premium by 1,300% in the last 12 months, increasing headcount from 75 to 4,000+ since its $50M Series B round in 2021.
In June 2022, Branch announced a $147 million in Series C funding at a postmoney valuation of $1.05 billion, led by Weatherford Capital, with participation from Acrew, American Family Ventures, Anthemis, Gaingels, Greycroft, HSCM Ventures, Narya, SignalFire and Tower IV.
2022 • Series C
Branch is an insurtech startup focused on instantly providing bundled home and auto insurance.
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