Consumer United Raises $52.5M in Financing

▤ Summary

According to Todd Wallack of the Boston Globe (read here), Boston, MA-based online insurance agency Consumer United, Inc., raised $52.5m in equity and debt financing.A $22.5m venture round was led by Spark Capital, which is in the effort of closing a $425m fund (read here) and Thayer Street Partners, which also provided a $30m credit line.In conjunction with the funding, Josh Koplewicz (Thayer Street founder) and Mo Koyfman (Spark general partner) will join the company’s Board.) from providers including Travelers, MetLife, The Hartford, Safeco, Progressive, Infinity, 21st Century, Plymouth Rock, Bunker Hill, American Strategic Insurance, and Universal North America.The company is hiring (read here).

▦ Linked Companies