New York based commercial auto insurance platform has raised a $7m Series A led by Munich Re.
While the name Inshur may sound like Sean Connery pronouncing the word “insure”, it is in fact a digital provider of commercial auto insurance, currently focused in the “rideshare vertical”. The product has been live in New York for 11 months and recently launched in the UK. Inshur CEO Dan Bratshpis says: “Our first institutional round of funding will allow us to expand further into new territories and insurance verticals within the US and EU.” Brian McLoughlin, a co-founder and partner of MTech Capital is joining Inshur’s board of directors. Using its mobile technology platform, proprietary data, and analytics, Inshur says it helps professional drivers buy insurance coverage.