Spot is an Austin, TX-based tech startup that offers on-demand accidental injury insurance via partnerships with businesses and organizations in the active lifestyle space. It provides affordable accidental injury coverage that can be used with or without traditional health insurance and covers customers' out-of-pocket medical bills. The policy has no insurance network restrictions and allows treatment at any licensed physician, hospital, or urgent care clinic. A dedicated claim advocate guides customers through the claims process to simplify and speed resolution. Spot partners with organizations such as Ikon Pass, USA Cycling, Chicago Triathlon (via LifeTime), USA BMX, Powder Mountain, National Collegiate Rugby, and athleteReg. The company raised $33M (including $25M in equity and $8M in debt) and plans to use the capital to ramp up its strategic partnership approach. Spot is a tech startup offering fully digital, on-demand subscription accidental injury insurance that can be used with or without traditional health coverage. Plans start at $25/month, cover actual medical costs up to $20,000 per injury, and customers can sign up in about one minute for immediate coverage. The company pioneered customized "on-the-mountain" and "on-the-bike" policies sold through partners and memberships. Spot distributes coverage via strategic partnerships with organizations and event providers, and tens of thousands of Americans are already covered, including professional athletes. The company is headquartered in Austin, Texas. Spot plans to use new capital to grow the team, forge new partnerships, and ramp up marketing to expand awareness and reach.

Total raised

$51M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Jun 2022