Kin manages the Kin Interinsurance Network (KIN), a licensed insurance carrier and reciprocal exchange owned by its customers who share in the underwriting profit. “We believe in creating meaningful change for homeowners who need our solution the most,” said Sean Harper, Kin’s CEO and co-founder. “We are excited to increase our investment in Kin and to continue to support the company’s mission to provide simple and affordable insurance coverage to homeowners,” said Andrew Sagon, Vice President with HSCM Bermuda. | CV invests in seed stage tech startups. CEO CDW Eric Lefkofsky. Because policyholders actually own the exchange, they benefit when claims are low and have a voice in what the company does. Chicago Ventures | 3,345 followers on LinkedIn | We invest in seed-stage tech startups in the Central US. Join to Connect . "While many insurers spend much of their gross margin paying third-party agents, Kin has eliminated those costs, thus making the experience both simpler and more affordable for customers.” Whereas legacy insurers rely on outdated, inflexible technology, Kin’s proprietary platform allows the company to develop and launch new products in as little as a week, price risks in real time, and ingest more data than competitors. With its latest round of funding, the company plans to bring its solution, piloted in Florida, to homeowners across the U.S., starting with states most affected by severe weather.
Traditional insurers spend about 17 percent of premiums paying outside agents and maintaining the infrastructure to support them. Because of its efficient technology and direct-to-consumer model, Kin provides exceptionally low prices without compromising coverage. When was Chicago Ventures founded? Kin Insurance, the insurance technology company that makes home insurance easy and affordable, today announced a $35 million Series B round. Co-founder, CEO Grubhub Matt McCall.

Chicago Ventures's primary competitors are Listen, First Round Capital & Origin Ventures. The founders we invest in are building innovative technology companies in geographic regions where there’s historically been a lack of seed capital: places like Chicago, Austin, Madison and Denver.
[])) The company is based in Palo Alto, Calif., with offices in Detroit and Chicago, and is backed by top-tier investors including Mayfield, Y Combinator, AME Cloud Ventures, and Wireframe Ventures. CEO & Co-Founder at Foxtrot Chicago, Illinois 500+ connections. CEO MidAmerica Ventures; VP Bus Dev at Health & Safety Portfolio Clients Greater Chicago Area 500+ connections. This process is automatic. The University of Chicago - Booth School of Business. Kin’s technology also reduces general and administrative expenses, which constitute roughly 15 percent of premiums at legacy homeowner’s insurance companies.

“Kin’s leadership team has done a commendable job of transferring structural efficiency gains to its customers in the form of more affordable coverage, and we are thrilled to support Kin’s efforts as the business enters its next phase of growth.” "With a relentless focus on customer needs and outstanding business execution, the A-rated company now offers the lowest-cost, most customizable products on the market and boasts an impressive NPS of 84, which is about double the industry average. Founded in 2016 by seasoned financial technology entrepreneurs Sean Harper, Lucas Ward, and Stephen Wooten, Kin leverages thousands of property data points to customize coverage and prices through a super simple user experience. Frequently Asked Questions about Chicago Ventures.