Young Alfred operates a home insurance shopping platform that uses data, integrations and machine learning to match consumers to the best coverage options and allow them to buy online. The company maintains direct relationships with over 30 insurance carriers and is licensed in 51 states, with offices in New York City and Philadelphia. Young Alfred offers licensed agents for advice while enabling users to shop via email, text, chat, or not interacting at all. The business has seen strong growth, reporting that sales have increased 20x over the past 18 months. The company is receiving inbound demand from fintechs and large real estate players seeking an embedded home insurance solution. Planned product work includes a Stripe-like API for partners to add property & casualty coverage to their offerings. Young Alfred is a digital personal-lines insurance broker founded in 2016 and based in Philadelphia. The company is licensed to operate in eight states. The article reports the firm filed a Form D with the SEC in connection with a debt/option financing. That filing discloses a total raise of $365,000. No revenue, user metrics, product roadmap, or future plans are described in the article. No participating investors or additional financial details are provided.

Total raised

$10M

Funding rounds

2

Latest round

Seed

Latest activity

Oct 2019