Vouch, a business insurance solutions provider headquartered in San Francisco, US, has agreed to acquire small business-focused StartSure Insurance Services’ team and book of business.
Financial terms of the transaction remain undisclosed.
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The definitive deal stipulates the transfer of StartSure’s team, including CEO Tim DiPietro, to Vouch.
New York-based StartSure’s clients can access insurance products through Vouch’s brokerage team, while Vouch clients will gain access to StartSure’s managing general agent programmes for coworking and inventory insurance.
DiPietro added: “Vouch is a natural home for StartSure. We share a commitment to making insurance simple and accessible for founders. Joining forces means our clients will benefit from expanded resources, broader coverage options through Corix and Vouch’s reputation for exceptional service.”
The company also announced the first close of its Allegis Capital-led Series D fundraise.
Other “major” investors also contributed to this investment round.
With the funding and acquisition, the company aims to offer start-ups better access to insurance solutions.
Vouch CEO Sam Hodges said: “Through this Series D financing and joining forces with StartSure, Vouch is expanding our capabilities to provide unmatched service and innovative products to high-growth companies. StartSure’s expertise in insuring start-ups and flexible workspaces aligns perfectly with our mission, and our latest funding will allow us to expand our brokerage capabilities and develop new insurance products.”
This move follows the launch of Corix, an MGA brand created by Vouch.
In March 2024, Vouch completed its Series C-1 funding round with a $25m raise, led by Ribbit Capital.
Set up in 2018, the company raised funds from Silicon Valley institutions and investors including Allegis, Anthemis, MS&AD Ventures, Redpoint Ventures, Ribbit Capital and Y Combinator.
