Trōv Closes $25.5M Series C Funding
Summary
Trōv, a San Francisco, CA-based insurance technology company focused on the mobile generation, closed a $25.5m Series C funding.The round was led by Oak HC/FT, with participation from Australian insurer Suncorp Group (ASX:SUN), insurance technology provider Guidewire (NYSE:GWRE), and fintech venture capital firm Anthemis Group.The company, which has raised $39m in total, intends to use the funds to continue to develop the technology and expand globally.Led by Founder and CEO Scott Walchek, Trov provides people with an insurance platform to protect just the things that are important to them (such as a laptop, camera or a bicycle), for the time they need it, without the involvement of an insurance agent or committing to a long contract.To bring on-demand insurance to market, the company has launched partnerships with Suncorp Group in Australia and AXA in the UK.