Columbus, Ohio-based auto and home insurer Branch reported a $147 million Series C funding, which it says brings its valuation to $1.05 billion.
Branch, launched in 2019, is a full-stack insurance company that uses data, technology, and automation to make home and auto insurance easy to buy. Its system can instantly bind and bundle auto and home insurance policies.
Branch said the equity financing round will help it accelerate its national rollout while scaling its distribution strategy which includes direct, agency, and embedded channels. The company has already expanded into nine additional states in 2022, bringing its total to 28 states.
