- Insurance purchasing and management platform Huckleberry has raised $18 million in Series A funding
Insurance purchasing and management platform Huckleberry announced it has raised $18 million in a Series A round of funding led by Tribe Capital with participation from Amaranthine, Crosslink Capital, and Uncork Capital.
What does Huckleberry do? Huckleberry offers a digital insurance platform for SMBs — which is 100% paperless. And small business owners are able to get a price quote in under 5 minutes for coverage for workers’ compensation, liability, business interruption insurance, liquor liability insurance, employee dishonesty coverage, etc.
With this round of funding, Huckleberry will expand its insurance products across sectors like personal care, auto repair, and restaurants. And the funding will also be used for scaling engineering, data science, and marketing efforts.
“Huckleberry was born due to the painful process I encountered when purchasing business insurance at a prior startup,” said Huckleberry founder and CEO Bryan O’Connell. “Having worked at an insurance carrier, I knew that it was possible to build a platform that eliminates tedious offline paperwork and puts the small business owner first.”
Launched in 2017, Huckleberry utilizes public and private data sources to assess small businesses. And the company’s key verticals include landscaping, janitorial, food, medical, dental, and retail.
“Huckleberry reduces the amount of friction it takes for you to feel secure as a business owner,” added Tribe Capital co-founder and partner Arjun Sethi. “Every business needs insurance. It provides a safety net for more people to start businesses and take on entrepreneurial risk.”
