Policygenius Raises $100M for Its Insurance Marketplace

January 30, 2020
Policygenius
Policygenius

On Thursday, Policygenius announced the closing of its $100 million Series D funding round. This investment was led by KKR and dwarves its previous $30 million Series C raise, which closed in early 2017.

The new funding will help Policygenius hire across the board, including roles in sales, engineering and operations. The funding will also go towards its new consumer-facing financial products, which it plans to unveil later this year.

The New York-based company has created an online insurance marketplace that allows people to compare and purchase insurance. Users can get quotes for health insurance, life insurance, home insurance and even pet insurance plans through the company’s platform. Shoppers can also get unbiased advice on coverage, compare prices and purchase insurance plans using the platform.

Policygenius was founded in 2014, and since then it’s been used by over 30 million people. 2019 was an especially big year for the company’s growth. Last year, Policygenius hired about 180 people and opened a second headquarters in Durham, N.C. The company also achieved $60 million in annualized revenue.

“Our technology platform delivers a seamless and easy experience for comparing, buying and switching insurance, at scale, nationwide. But what we're exceptionally proud of is how Policygenius removes the complex and often misleading aspects of the insurance purchasing business entirely,” Jennifer Fitzgerald, the CEO and co-founder of Policygenius, said in a statement. “With the support of our investors, we look forward to expanding our reach and product portfolio to broader financial wellness.”

Jobs at Policygenius21 open jobs
All Jobs
Data + Analytics
Design + UX
Dev + Engineer
HR
Marketing
Operations
Sales
Content
Marketing
new
Policygenius
New York
HR
new
Policygenius
New York
Operations
new
Policygenius
New York
Developer
new
Policygenius
New York
Design + UX
new
Policygenius
New York
Sales
new
Policygenius
New York
Operations
new
Policygenius
New York
Developer
new
Policygenius
New York
Sales
new
Policygenius
New York
Design + UX
new
Policygenius
New York
Content
new
Policygenius
New York
Marketing
new
Policygenius
New York
Developer
new
Policygenius
New York
Design + UX
new
Policygenius
New York
Developer
new
Policygenius
New York
Data + Analytics
new
Policygenius
New York
Data + Analytics
new
Policygenius
New York
Data + Analytics
new
Policygenius
New York
Developer
new
Policygenius
New York
Developer
new
Policygenius
New York

NYC startup guides

LOCAL GUIDE
Best Companies to Work for in NYC
LOCAL GUIDE
Best Software Engineer Jobs in NYC
LOCAL GUIDE
Coolest Tech Offices in NYC
LOCAL GUIDE
Best Sales Jobs in NYC
Developer Jobs
View 606 jobs
Design + UX Jobs
View 128 jobs
Marketing Jobs
View 181 jobs
Product Jobs
View 146 jobs
Sales Jobs
View 332 jobs
Data Jobs
View 222 jobs