Trinity Capital, an alternative asset manager, committed growth capital to Kinetic, a workers’ compensation Managing General Underwriter (MGU).
“The Kinetic team is driving meaningful innovation within the insurtech space: protecting employees, reducing claims costs and promoting safer workplaces,” Phil Gager, senior managing director of tech lending at Trinity Capital, said. “We’re thrilled to partner with their team and support this next phase of growth as they continue to advance safety and efficiency across the industry.”
This capital will accelerate Kinetic’s buildout of a best-in-class claims management software layer.
“At Kinetic, we’re committed to giving policyholders the tools they need to actively manage their risk,” Adam Price, CEO of Kinetic, said. “This growth capital strengthens our ability to innovate at the moment it matters most, when a claim occurs. We look forward to delivering even stronger outcomes for our policyholders and broker partners.”
