Insurtech INSHUR, a provider of insurance solutions for the on-demand economy, secured $35 mn in new funding from Trinity Capital, an alternative asset manager.
The funding will support INSHUR’s expansion across the U.S., further research and development in artificial intelligence (AI) and autonomous vehicle (AV) insurance, and progress toward profitability.
INSHUR plans to increase investment in advanced AI technologies that improve underwriting and enable real-time pricing, which it sees as critical to developing insurance products for the growing AV segment in the mobility market.
- INSHUR has raised approximately $88.5 mn in funding to date across multiple rounds since 2019.
- In October 2024, INSHUR raised $19 mn from investors including Viola Growth and MS&AD Ventures to fuel global expansion.
- The company also completed earlier rounds, including a $7 mn Series A and additional follow-on investments, which helped it grow its presence in the U.K. and U.S. markets.
With these funds, INSHUR continues to focus on building technology-driven insurance solutions for the on-demand economy, growing revenue, and achieving profitability.
The capital will also strengthen INSHUR’s partnerships with platform operators and capacity insurers, focusing on scalable solutions for gig economy drivers and fleet operators.
Among its recent initiatives is the ‘Period Z’ program, providing on- and off-rental insurance for car rental fleets in the U.S.
The company also supports programs such as Uber’s ‘Bring Your Own Insurance’ initiative, allowing drivers to customize their insurance and improve earnings.
Dan Bratshpis, CEO and Co-founder of INSHUR, said the funding demonstrates the company’s disciplined approach to serving the on-demand economy.
With Trinity Capital’s support, we’re accelerating our U.S. footprint, expanding key partnerships, and advancing our position in the future of insurance for autonomous mobility – all whilst laser-focused on profitability.
Dan Bratshpis, CEO and Co-founder of INSHUR
Group CFO Tal Brener noted that INSHUR has achieved a compound annual growth rate exceeding 50% since 2023. With new products and increased AI investment, the company expects to reach a $100 mn revenue run rate within a year and strengthen its leadership in on-demand economy insurance.
Operating globally, INSHUR simplifies commercial insurance for drivers, fleet managers, and delivery platforms. It recently surpassed one mn policies sold in the U.K., one of its core markets. The company expects the new funding to help achieve profitability within the current fiscal year.
Jack McNamara, Director of Tech Lending at Trinity Capital, praised INSHUR’s market expertise, technology focus, and data-driven strategy, calling it a leader in commercial auto insurance within the growing on-demand economy.
INSHUR’s deep market knowledge, technology-first mindset, and data-driven strategy make them a leader in the commercial auto insurance space, especially within the booming on-demand economy
Jack McNamara, Director of Tech Lending at Trinity Capital
Burch & Company, Inc., member FINRA/SIPC, through its registered investment banking agent associated with Edge OMC, acted as sole advisor to INSHUR on the transaction.
