Inshur announced it has secured a $35 million investment from alternative asset manager Trinity Capital, which will be used to advance AI-driven research and development supporting its embedded auto insurance solutions for the autonomous vehicle market.
Inshur recently surpassed the milestone of 1 million policies sold in the United Kingdom, one of its key markets. The new funding will fuel its U.S. expansion and bolster its embedded insurance offerings for on-demand platforms such as Uber and Amazon Flex.
“This raise reflects our disciplined approach to insurance solutions for the on-demand economy. With Trinity Capital’s support, we’re accelerating our U.S. footprint, expanding key partnerships, and advancing our position in the future of insurance for autonomous mobility – all whilst laser-focused on profitability,” said CEO and co-founder Dan Bratshpis.
Bratshpis recently contributed insights on embedded insurance within the on-demand economy. According to the company, Inshur’s launch of the 'Period Z' program—designed to provide on- and off-rental coverage for car rental fleets—will help support more fleet operators across the U.S. Additionally, by leading initiatives like Uber’s 'Bring Your Own Insurance' program, Inshur aims to give drivers greater control over their profitability.
Chief Financial Officer Tal Brener stated that Inshur aims to surpass a $100 million revenue run rate within the next year.
