Branch has raised $280M across multiple funding rounds, backed by top investors including Weatherford Capital, Acrew Capital, and American Family Ventures. The platform simplifies auto and home insurance, offering instant pricing, coverage options, and seamless claims processing. Branch enables customers to easily compare and switch insurance providers while providing a digital-first experience that enhances efficiency and customer satisfaction.
What Is Branch and What Does It Do?
Branch, founded in 2017 by Steve Lekas and Joe Emison, is headquartered in Columbus, Ohio. The company provides auto and home insurance solutions, including bundled policies and remote claims filing. Its platform streamlines the insurance buying process, allowing users to access instant pricing, coverage options, and manage their policies efficiently.
With a team of 501–1,000 employees, Branch continues to expand its digital-first approach, delivering innovative insurance solutions across the United States.
How Much Funding Has Branch Raised?
1. Series B
- Amount Raised: $50M
- Date: June 2021
- Lead Investors: Anthemis Group, Greycroft, Hudson Structured, American Family Ventures, SCOR, Foundation Capital, SignalFire, Acrew Capital
- Motivation: To expand product offerings and grow market presence.
2. Series C
- Amount Raised: $147M
- Date: June 2022
- Lead Investors: Weatherford Capital, Acrew Capital, American Family Ventures, Anthemis Group, Gaingels, Greycroft, HSCM Ventures, SignalFire, Narya
- Motivation: To scale operations, enhance platform features, and increase customer acquisition.
3. Series D
- Amount Raised: $51M
- Date: October 2024
- Lead Investors: American Family Ventures
- Motivation: To accelerate platform development and expand digital insurance offerings.
Total Funding Raised: $280 Million
Current Valuation: $1.05 Billion (as of June 2022)
Latest Funding Date: October 2024
Key Investors
1. Weatherford Capital
- Details: Growth equity firm investing in technology-enabled businesses.
- Investment Focus Areas: Technology, financial services, growth-stage companies.
- Notable Investments: CloudFactory, Kalkomey, BusPatrol..
2. Acrew Capital
- Details: Venture capital firm investing in early and growth-stage technology companies.
- Investment Focus Areas: Technology, fintech, digital platforms.
- Notable Investments: Cato Networks, Coinbase, Klar..
3. American Family Ventures
- Details: Corporate venture arm of American Family Insurance focusing on innovative insurtech startups.
- Investment Focus Areas: Insurance technology, digital platforms, customer experience.
- Notable Investments: Branch, Hometap, Carium, Ledgebrook..
4. Greycroft
- Details: VC firm investing in early and growth-stage technology companies.
- Investment Focus Areas: Technology, consumer internet, digital platforms.
- Notable Investments: Braintree, Scopely, Fetch, Yeahka..
Where Is Branch’s Headquarters?
Branch is headquartered in Columbus, Ohio, providing access to a growing tech ecosystem and talent pool for digital insurance innovation.
What’s Next for Branch?
Branch aims to continue expanding its digital-first insurance offerings, enhance its platform, and grow its customer base. The Series D funding will support technological development, streamline claims processing, and enable the company to compete more effectively in the U.S. insurance market.
Challenges include navigating regulatory requirements, scaling operations efficiently, and maintaining a seamless customer experience while expanding coverage options.
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