San Francisco based insurance rate aggregator and advice startup Gabi has raised a $9.5m Series A round led by Canvas Ventures.
Gabi, a California-based insurtech startup, announced this week it secured $9.5 million during its Series A round, which was led by Canvas Ventures, with participation from Correlation Ventures, Northwestern Mutual Future Ventures, Securian Ventures, and other existing investors. Founded in 2016, Gabi stated it has developed intelligent algorithms and data mining tools to find customers the best personal insurance rates. The company currently offers a free app to manage customer’s insurance. It reviews current policies and find customers a better deal and advise them on the right coverage. It is also licensed by the CA Department of Insurance. The company reported: