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Chicago based insuretch company Kin Insurance has raised $4m in Series A funding with investors including Commerce Ventures, Omidyar Network, 500 Startups, Chicago Ventures and Portag3 Ventures. Kin provides home insurance without the hassle. Home insurance without the hassle. Other insurance companies ask pages and pages of arcane questions. Kin uses the internet to gather that data automatically and asks you for confirmation, saving you time and hassle.
Kin was founded by Sean Harper, Lucas Ward, Jason Heidkamp and Sebastian Villarreal, who combined have decades of experience at companies like Groupon, Rippleshot, Bright Policy and Avant. In many of those examples, the focus is on simplifying complicated financial systems through technology. “I’ve been doing this theme of taking old-school financial products, putting them online, bringing new tech to bear and lowering the cost,” Harper told me. “When it comes to financial services, most people don’t want to think about it and the best thing I can do with tech is make it easier.”
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