San Francisco based commercial fleet insurance company raised $22m in Series A funding led by Lightspeed Venture Partners.
“The analog approach to issuing insurance to commercial fleets is fundamentally broken. The process is confusing, slow, and comes at a high productivity and financial cost. In my time working with more than 20,000 fleets at Samsara, I saw over and over again how these small businesses were completely frustrated with insurance and struggling to survive. Truckers who were doing all the right things and investing in safety, still saw their rates go up every year to the point where it forced them out of business.”
https://www.coverager.com/nirvana-insurance-launches-raises-22-million/