Kin has successfully raised significant funding through multiple rounds, most recently securing $33 million in September 2023 from QED Investors, valuing the company at $1 billion. Founded in 2016, Kin specializes in providing homeowner insurance solutions for individuals, offering claims settlement, repair programs, and insurance products for condos, vacation homes, and landlords. Its platform also addresses insurance fraud prevention while streamlining the insurance process for policyholders.
What Is Kin and What Does It Do?
Kin, founded by Sean Harper, Sebastian Villarreal, Lucas Ward, and Stephen Wooten in 2016, is a Chicago-based company that delivers online homeowner insurance solutions to individuals. The company provides claims settlement services and a home repair program, and offers a variety of insurance products, vacation home, and landlord insurance. Kin also assists in detecting insurance fraud to protect both customers and insurers.
Kin employs between 1 and 10 people and serves individual homeowners, focusing on enhancing the insurance experience through technology, speed, and reliability. Its approach has positioned it as a leading player in the online homeowner insurance space.
How Much Funding Has Kin Raised?
1. Series A
- Amount Raised: $13.1M
- Date: February 2018
- Lead Investors: August Capital
- Motivation: To scale operations and enhance the technology platform for better customer service.
2. Convertible Note
- Amount Raised: $12M
- Date: August 2019
- Lead Investors: August Capital, Hudson Structured Capital Management
- Motivation: To support business growth and expand market reach.
3. Debt Financing
- Amount Raised: $35M
- Date: August 2019
- Lead Investors: Guggenheim Partners
- Motivation: To strengthen financial stability and support operational expansion.
4. Series B
- Amount Raised: $35M
- Date: August 2020
- Lead Investors: Commerce Ventures
- Motivation: To accelerate growth and enhance product offerings.
5. Series C
- Amount Raised: $69.2M
- Date: May 2021
- Lead Investors: Hudson Structured Capital Management, Senator Investment Group
- Motivation: To expand into new markets and improve technology infrastructure.
7. Series D
- Amount Raised: $82M
- Date: March 2022
- Lead Investors: QED Investors
- Motivation: To support rapid growth and market expansion.
8. Debt Financing
- Amount Raised: $145M
- Date: October 2022
- Lead Investors: Avenue Capital Group, Runway Growth Capital
- Motivation: To ensure financial stability and support ongoing operations.
9. Series D
- Amount Raised: $15M
- Date: March 2023
- Lead Investors: Geodesic Capital, QED Investors
- Motivation: To continue scaling operations and enhance product offerings.
10. Series D
- Amount Raised: $33M
- Date: September 2023
- Lead Investors: QED Investors
- Motivation: To expand market presence and improve technology.
11. Series D
- Amount Raised: $15M
- Date: February 2024
- Lead Investors: Activate Capital Partners
- Motivation: To accelerate expansion into new markets and introduce innovative products.
Total Funding Raised: $422 Million
Current Valuation: $2 Billion (as of Sep 2025)
Latest Funding Date: September 2023
Key Investors
1. QED Investors
- Details: Venture capital firm specializing in fintech and insurance technology investments.
- Investment Focus Areas: Fintech, insurance platforms, financial services innovation.
- Notable Investments: Kin, Credit Karma, Nubank.
2. August Capital
- Details: Growth-focused venture capital firm investing in technology companies at various stages.
- Investment Focus Areas: Technology, SaaS, and digital platforms.
- Notable Investments: Kin, Bill.com, Github.
3. Senator Investment Group
- Details: Private investment group focusing on growth-stage companies.
- Investment Focus Areas: Financial services, technology, and digital platforms.
- Notable Investments: Kin, Avant, Greensill.
4. Wellington
- Details: Global investment management firm with diversified portfolios.
- Investment Focus Areas: Technology, insurance, and fintech companies.
- Notable Investments: Kin, BlackLine, Xactly.
5. Savano Capital Partners
- Details: Private equity and venture investor focusing on innovative companies.
- Investment Focus Areas: Insurance tech, financial services, and fintech.
- Notable Investments: Kin, Sure, Ladder.
Where Is Kin’s Headquarters?
Kin is headquartered in Chicago, Illinois, United States, a central hub for financial services and technology innovation. The location allows the company to connect with investors, industry partners and maintain regulatory compliance efficiently.
What’s Next for Kin?
Kin is well-positioned for continued growth in the homeowner insurance space, leveraging its technology to expand its market reach and enhance the customer claims experience. With a $2 billion valuation and strong backing from investors like QED Investors, the company plans to scale its platform, enhance repair programs, and broaden its product offerings for individual homeowners. Strategic expansion and technology improvements will likely drive further adoption and potential future fundraising rounds.
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