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INSHUR Secures $35 Million from Trinity Capital to Accelerate R&D into Autonomous Vehicle Insurance, AI Advancements and U.S. Expansion
INSHUR Trinity Capital funding has raised $35 million to strengthen its AI-driven underwriting, advance R&D into autonomous vehicle insurance, and quicken the insurtech’s growth throughout the United States. An important milestone in INSHUR’s mission to spearhead innovation in mobility-based insurance has been reached with this $35 million investment.
Fueling AI Innovation and Steering Autonomous Vehicle Insurance
INSHUR will invest more into R&D particularly for the deployment of advanced AI technologies to support underwriting and real-time pricing – an essential component for delivering on-demand insurance policies particularly in the autonomous vehicle (AV) market. The rise of autonomous vehicles (AV) in the on-demand category requires a certain type of expertise across insurance and technology combined with a deep understanding of the risks when developing insurance solutions.
A Vision for the Future of On-Demand Insurance Solutions
The capital injection will support INSHUR’s ability to continue to provide expertise in advancing on-demand solutions for the mobility sector across new and expanding platform giants like Uber and car rental platforms. For example, the launch of the ‘Period Z program for on- and off-rental insurance for car rental fleets will support more fleet businesses across the U.S., and by taking the lead in programs such as Uber’s ‘Bring Your Own Insurance’ initiative will empower more drivers to control their profitability.
With Trinity Capital’s support, INSHUR will be able to expand its presence in the autonomous vehicle insurance market and pursue next-generation AI projects.
Dan Bratshpis, CEO and Co-founder of INSHUR, adds: “This raise reflects our disciplined approach to insurance solutions for the on-demand economy. With Trinity Capital’s support, we’re accelerating our U.S. footprint, expanding key partnerships, and advancing our position in the future of insurance for autonomous mobility – all whilst laser-focused on profitability.”
Tal Brener, Group CFO of INSHUR, continues: “We are in a consistent >50% CAGR since 2023. With our new products and solutions being deployed during this year, and our investment in AI, we are on a trajectory to accelerate this growth. Along with our clear path to profitability, we aim to cross the $100m revenue run rate in less than a year to cement our position as a world class leader in insurance for the on-demand economy.”
Operating globally, INSHUR’s platform simplifies and streamlines commercial insurance for on-demand mobility drivers, fleet operators, and delivery drivers. The company recently surpassed 1 million policies sold in the U.K., one of its core markets. The $35m USD capital raise provides INSHUR with further confidence in its path to achieving profitability in the current fiscal year.
Jack McNamara, Director of Tech Lending at Trinity Capital, concludes:“INSHUR’s deep market knowledge, technology-first approach, and data-driven strategy make them a leader in the commercial auto insurance space, especially within the booming on-demand economy. We are excited to partner with the team at INSHUR as they work to redefine the future of insurance.”
Burch & Company, Inc., member FINRA/SIPC, through their registered investment banking agent associated with Edge OMC, served as a sole advisor to the company in connection with the transaction.
This strategic INSHUR Trinity Capital funding accelerates the development of AI-powered insurance and supports INSHUR’s ambitious $35 million investment, which aims to create a smarter, more scalable future for mobility insurance in the US market.
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