Kin Insurance, the direct-to-consumer home insurance provider, announced the closing of a $145 million credit facility led by Runway Growth Capital and the Avenue Capital Group. The new facility gives Kin the necessary resources to continue developing its Kin Insurance Network, a reciprocal exchange. By utilizing hundreds of data points to precisely determine risk profiles and corresponding premium price points, Kin’s platform aims to eliminate administrative and agent-related costs, offering customers a direct, cheap, frictionless experience.
Kin Secures $145 Million in Debt Financing to Fuel Continued Growth
