Goose closes Series A funding round
Goose Insurance Services has successfully closed a $4 million Series A funding round to support the expansion of its ‘super app’
The round was led by Axis Insurance Managers, with participation from Impression Ventures, Real Ventures and Manchester Story.
The funds will be used to accelerate the adoption of Goose’s app in Canada and the US through ‘education and awareness initiatives’.
The insurtech, founded in 2017, has undergone significant growth in the past year. Goose now operates in 30 US states and eight Canadian provinces, offering a range of policies via its app, across the travel, rental, pet, critical illness and term life insurance sectors.
The company works with carriers such as AIG, IMG, iA Financial, TeachersLife and American Amicable. Goose was also recently appointed as a coverholder for Lloyds of London.
“Impression Ventures was one of the first investors in Goose. We were attracted to Goose because of its app-first strategy,” states Maor Amar, Impression’s Managing Partner. “The average person spends 3.5 hours per day on their mobile phones. So, it’s no surprise that other industries – from personal banking to transportation – have been disrupted by app-first companies. Goose’s disruption of the insurance industry is well underway.”
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