Vouch provides business insurance products and solutions tailored to startups and scale-stage customers. It has launched AI Insurance to address nascent AI risks (including LLM hallucinations, regulatory mistakes, and IP issues) and offers Vouch Horizon for scale-stage startups. The company reported strong operating performance with 66% year-over-year revenue growth, favorable loss-ratio outcomes, an annual premium retention rate above 120%, and improving margins. Vouch expanded its reinsurance panel from four to seven partners and has resolved hundreds of complex claims totaling many millions of dollars. The company has grown its team substantially, adding over 70 employees since 2022 and making several strategic leadership hires. Management says it will use new funding to expand its insurance product set, broaden distribution channels, and continue investing in its technology platform. Vouch is a digital insurance platform focused on startups, offering fully-digital, tailored coverage that can be activated in minutes. The company expanded its product and underwriting capabilities to serve early- to mid-stage startups and launched proprietary coverages including Work From Anywhere and broader cyber and cyber crime coverages. Vouch is developing embedded insurance partnerships and has established its own authorized insurance carrier. The company reported 7X customer growth year over year and doubled headcount, and is now the preferred business insurance provider for Brex, Carta, and WeWork customers. The new funding enables investment in technical capabilities, embedded insurance, and a seamless customer experience; the rounds increased Vouch’s total funding to $160 million. Vouch has offices in San Francisco and Chicago and is backed by investors that include Index Ventures, Redpoint Ventures, Ribbit Capital, and Silicon Valley Bank. Vouch offers business insurance products tailored specifically to startups, covering general liability, business and management liability, fiduciary liability, cyber and crime coverage, and rented and non-owned auto. Its policies start at $200 per year and are backed by Munich Re. The company does not offer health or workers’ compensation insurance. Vouch has been expanding geographically — it was already live in Oregon, Utah, Colorado, Illinois, Indiana, Ohio, Wisconsin and Michigan — and is announcing a launch in California. The company says it will use funding to continue expanding its product and to bring the service to more geographies. Vouch was part of Y Combinator’s cohort and is based in San Francisco.

Total raised

$160M

Funding rounds

3

Latest round

Series C

Latest activity

Mar 2024