Filing Indicates August Capital Joins Kin Insurance’s Board As Startup Closes $13M

Chicago-based Kin Insurance raised just over $13 million in equity funding closed, according to an SEC filing posted Thursday February 15th.

The filing lists August Capital’s Eric Carlborg and Daniel Rosen of Commerce Ventures as directors. Commerce Ventures was an investor in Kin’s seed round, and Rosen is listed in the Form D filing for the prior seed round. August Capital was not listed as an investor in the company prior to this round.

Up until the funding event, Kin has raised $4.7 million in two rounds. Its most recent round prior to the one filed today was a $4 million seed financing announced August 1, 2017. Chicago Ventures, Nameless Ventures and the Omidyar Network are among the ten investors involved in that round.

The company was founded in 2016 by Sean Harper, Lucas Ward, and Sebastian Villarreal, a team of financial technology veterans who have previously built and sold fintech businesses to Groupon, Insight Venture Partners, and Avant.

Kin provides home insurance and related products through a simple web interface. Using Kin, new insurance customers are able to receive a quote for a new policy quickly, and the company aims to deliver a more seamless and transparent approach to the insurance buying process. According to the company website, the company currently serves customers in Florida and Texas.

Crunchbase News reached out to Kin, August Capital, Commerce Ventures, and a few previous investors but did not hear back before publication.