Starfish Specialty raises $3 million in latest funding round
Summary
Starfish was launched last year by Jeremy Hitzig, Tom Lane, Margaret McBurney, Michael Thabet, Brooks Chase and James Flynn. In late 2021, the company unveiled its first program, a builders risk program distributed as an embedded product in partnership with a private lender, backed by A-rated carrier Summit Specialty.Starfish has already exceeded 1,500 policies written since its launch. The company is set to launch a second program in the coming weeks.We are very excited to welcome our new investor partners, Hitzig said. The additional funding positions us to add several new programs, invest in additional underwriting talent and continue to expand the capabilities of our technology platform.Read next: Revealed how insurtech funding fared in Q3Hitzig also expressed his satisfaction that Emmons, co-founder and former CEO of Orchid Insurance, had joined the Starfish team.Brad brings a wealth of experience and perspective on how to build a best-in-class program business and we are fortunate to have him supporting us, he said.Have something to say about this story? Sound off in the comments below.
Funding
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