KKR Leads Policygenius Series D
KRR has led a $100 million Series D funding round for Policygenius, an online marketplace for comparing and purchasing insurance. Existing major investors in the company, including Norwest Venture Partners, Revolution Ventures, Susa Ventures, AXA Venture Partners, MassMutual Ventures and Transamerica Ventures, also participated in the round.
"With increased competition in the insurance sector, we believe there's a need for platforms where customers can easily manage their relationships across a number of insurance policies and carriers throughout their lifetime," Allan Jean-Baptiste, at KKR, said. "Policygenius has created a model to provide for exactly this, set apart by its sophisticated proprietary technology, and the traction of its marketplace platform among carriers and consumers alike."
"We are thrilled to be working with Jennifer, Francois and their dedicated team as they continue to transform consumer financial protection," added KKR's Jake Heller.
KKR will be making its investment through its Next Generation Technology Fund II, which held its final close earlier this month.
Allan Jean-Baptiste and Jake Heller will represent KKR on Policygenius' Board of Directors.
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