Trinity Capital, an alternative asset manager, committed $35 million in growth capital to INSHUR, a company in innovative insurance solutions for the on-demand economy.
“INSHUR understands the unique challenges of drivers across the on-demand economy and is delivering tailored insurance solutions designed to specifically meet those needs,” Jack McNamara, director of tech lending at Trinity Capital, said. “We are excited to partner with their team as they continue to scale operations and deliver accessible coverage to drivers around the world.”
This capital is designed to help grow INSHUR’s continued expansion across the U.S., advance its research into AI technologies for underwriting and real-time pricing, develop new solutions for the autonomous vehicle market and expand partnerships with platforms offering on-demand services.
“With a consistent >50% CAGR since 2023, rapid international growth and a clear path to profitability, this raise helps INSHUR continue to cement its position as the leader in insurance solutions for the on-demand economy,” Dan Bratshpis, CEO and co-founder of INSHUR, said. “Trinity Capital’s support will enable us to accelerate our U.S. and global expansion, and to leverage our deep insurance and technology expertise to further develop our service offering into innovative and upcoming areas such as autonomous vehicles.”
Burch & Company, member FINRA/SIPC, through its registered investment banking agent associated with Edge OMC, served as a sole advisor to INSHUR in connection with the transaction.
