{"id":341817,"date":"2017-05-24T19:00:13","date_gmt":"2017-05-24T11:00:13","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1495017"},"modified":"2017-05-24T19:00:13","modified_gmt":"2017-05-24T11:00:13","slug":"policygenius-raises-30-million-from-norwest-venture-partners","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/policygenius-raises-30-million-from-norwest-venture-partners\/","title":{"rendered":"PolicyGenius raises $30 million from Norwest Venture Partners"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/05\/policygenius.png?w=738\" class=\"\"\/><\/p>\n<p id=\"speakable-summary\">Consumers increasingly are going online to\u00a0search for insurance, and when they do,\u00a0<a target=\"_blank\" href=\"https:\/\/www.policygenius.com\/\" rel=\"noopener noreferrer\">PolicyGenius<\/a>\u00a0wants to be right there to help them find the right policy. To expand its offerings and support more customers,\u00a0the company raised a $30 million Series C funding round led by Norwest Venture Partners.<\/p>\n<p>PolicyGenius\u00a0has built a marketplace\u00a0for consumers who want to evaluate multiple insurance carriers and policies all in one place. People\u00a0searching for a policy can answer a series of questions and find multiple options available to them.<\/p>\n<p>By working with various insurance providers, PolicyGenius has built a quoting engine and allows consumers to compare policies they are eligible for side-by-side. The company also has an \u201cinsurance checkup\u201d tool to help customers discover and close gaps in their insurance coverage.<\/p>\n<p>Starting with life insurance, PolicyGenius has gradually expanded its suite of options to include health insurance, renters\u2019 insurance, long-term disability insurance and even pet insurance.<\/p>\n<p>Since <a target=\"_blank\" href=\"https:\/\/techcrunch.com\/2016\/01\/14\/policygenius-raises-15-million-for-its-online-price-comparison-insurance-brokerage\/\" rel=\"noopener noreferrer\">announcing a $15 million round of financing<\/a> in January 2016, the company has grown monthly revenues by 7x and doubled its employee base.\u00a0With its\u00a0new round, PolicyGenius hopes to expand its product lines to include property and casualty policies, and also to build out relationships with its partners.<\/p>\n<p>PolicyGenius co-founder and CEO Jennifer Fitzgerald\u00a0said the company selected Norwest thanks to its work with strong consumer-facing brands such as\u00a0<span>Casper, Jet and LendingClub.\u00a0<\/span>With the funding, Norwest partner Parker Barrile will join the company\u2019s board.<\/p>\n<p>To date, PolicyGenius has raised a total of $52 million in venture funding, from investors that include Revolution Ventures, Karlin Ventures, Susa Ventures, AXA Strategic Ventures, Transamerica Ventures, MassMutual Ventures\u00a0and Fika Ventures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"330\" src=\"https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/05\/policygenius.png?w=680\" class=\"attachment-large size-large wp-post-image\" alt=\"\" srcset=\"https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/05\/policygenius.png?w=680 680w, https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/05\/policygenius.png?w=1360 1360w, https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/05\/policygenius.png?w=150 150w, https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/05\/policygenius.png?w=300 300w, https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/05\/policygenius.png?w=768 768w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/>&nbsp;Consumers increasingly are going online to search for insurance, and when they do, PolicyGenius wants to be right there to help them find the right policy. To expand its offerings and support more customers, the company raised a $30 million Series C funding round led by Norwest Venture Partners. <a href=\"https:\/\/techcrunch.com\/2017\/05\/24\/policygenius-30m-norwest\/?ncid=rss\">Read More<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=dBJDtQZdvaQ:cD31qlw6uls:2mJPEYqXBVI\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?d=2mJPEYqXBVI\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=dBJDtQZdvaQ:cD31qlw6uls:7Q72WNTAKBA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?d=7Q72WNTAKBA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=dBJDtQZdvaQ:cD31qlw6uls:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=dBJDtQZdvaQ:cD31qlw6uls:-BTjWOF_DHI\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?i=dBJDtQZdvaQ:cD31qlw6uls:-BTjWOF_DHI\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=dBJDtQZdvaQ:cD31qlw6uls:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?i=dBJDtQZdvaQ:cD31qlw6uls:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=dBJDtQZdvaQ:cD31qlw6uls:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/Techcrunch\/~4\/dBJDtQZdvaQ\" height=\"1\" width=\"1\" alt=\"\"\/> <\/p>\n","protected":false},"author":5817,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[59,66,26],"class_list":["post-341817","post","type-post","status-publish","format-standard","hentry","category-technology","tag-media","tag-techcrunch","tag-technology"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/341817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/users\/5817"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/comments?post=341817"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/341817\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media?parent=341817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/categories?post=341817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/tags?post=341817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}