INSHUR Secures $35M to Fuel the Next Generation of Digital Auto Insurance for Urban Mobility

INSHUR, the digital trailblazer insuring the drivers that power the global economy, has successfully raised $35,000,000 in its latest funding round—a milestone that underscores the company’s rapid ascent in the Insurtech landscape. Founded in 2016, INSHUR has consistently pushed the boundaries of urban mobility insurance by creating a next-generation, data-led platform designed for smart, flexible coverage. This funding will fuel the company’s ambitious plans to further enhance its modular API architecture, optimize policy administration processes, and expand its innovative product lines, all while continuing to offer fully digital auto insurance to taxi, TLC, ride-share, private fleet, and private hire drivers. With a growing customer base across global markets such as New York, the UK, and the Netherlands, INSHUR leverages cutting-edge technology to provide seamless, fair, and friendly claims administration—a service that has recently been brought in-house in both the US and the UK, further demonstrating its commitment to efficient claims processing. The capital injection serves as a strategic enabler for broadening its geographic footprint, refining underwriting strategies, and accelerating the development of tailored insurance solutions to meet the evolving needs of mobility, delivery, and transportation sectors. This infusion of funds comes on the heels of pivotal corporate milestones like the completion of its B1 funding round and the acquisition of American Business Insurance in 2023, which expanded its services to all 50 US states. As INSHUR continues to set new benchmarks in digital insurance, this funding marks the beginning of an exciting new chapter, promising enhanced innovation and unprecedented growth opportunities ahead.