Insurance Startup PolicyGenius Nabs $30M In Funding

By Matthew Guarnaccia (May 24, 2017, 5:22 PM EDT) -- Online insurance startup PolicyGenius closed a $30 million funding round Wednesday led by private equity investors Norwest Venture Partners and Revolution Ventures as the firm's total venture capital investment eclipsed $50 million for the first time in its history.

PolicyGenius, which specializes in providing quotes and digital tools for health, long-term disability, renters and pet insurance, secured the investment through a round of Series C funding that also included contributions by Karlin Ventures, Susa Ventures, AXA Strategic Ventures, Transamerica Ventures and MassMutual Ventures.

All five of these investors as well as Norwest and Revolution participated in previous PolicyGenius funding rounds while...

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