Overview

Boost Insurance offers a platform that allows businesses to integrate customizable insurance products into their digital environments. This API-driven platform simplifies the process of building and managing insurance programs, making it faster and less expensive than traditional methods. Clients, including e-commerce platforms and cryptocurrency exchanges, can provide tailored insurance solutions directly to their customers at the point of sale. Boost's platform supports the entire insurance lifecycle, from quoting to claims management, ensuring a smooth experience for users. Unlike competitors, Boost focuses on democratizing access to insurance by equipping innovators with the necessary tools to create flexible products. The goal is to enhance customer value and engagement while driving growth for businesses that utilize their services.

Simplify's Take

What believers are saying

• Boost secured $130 million in reinsurance capacity for expansion.
• Strategic partnership with Canopius provides long-term reinsurance capacity for scaling.
• Appointment of Emy Donavan enhances product offerings in cyber, tech, and media sectors.

What critics are saying

• Increased competition from platforms like CoverWallet could challenge Boost's market share.
• Shifts in reinsurance market conditions may affect Boost's partnership with Canopius.
• Transitional challenges may arise as Emy Donavan integrates her strategies into Boost.

What makes Boost Insurance unique

• Boost offers a turnkey white-labeled insurance solution via simple API integration.
• Boost's platform supports the entire insurance lifecycle, enhancing customer experience.
• Boost serves diverse clients, including e-commerce and cryptocurrency platforms, with tailored solutions.

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Funding

Total Funding

$51M

Meets

Industry Average

Funded Over

3 Rounds

Notable Investors:

Coatue Management

Notable Investors:

Coatue Management

$20,000,000

Series B

May 2021

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$20M

$30M

$45M

$65M

$100M

View all funding stages