INSHUR has secured a USD $35 million capital raise from Trinity Capital to support its United States expansion, further research and development into artificial intelligence, and growth within autonomous vehicle insurance solutions.
The financing will help INSHUR accelerate its path to profitability, expand its underwriting and real-time pricing technologies, and pursue new product development in the fast-growing on-demand mobility insurance market. The firm has indicated a focus on research and development specifically targeted at AI-powered solutions that can address the emerging risks and complexities associated with autonomous vehicles, a sector that requires advanced technological and insurance expertise.
AI and autonomous vehicle push
The firm's leadership highlighted the importance of AI and data-driven approaches for the future of on-demand insurance. INSHUR plans to use the investment to enhance its capabilities in real-time risk assessment and pricing, particularly for the autonomous vehicle segment, which is seeing rising adoption across platforms serving ride-hailing and delivery services.
INSHUR's role in the future of insurance for mobility platforms extends to products such as the Period Z programme, which covers on- and off-rental periods for car rental fleets. This is expected to enable fleet businesses nationwide throughout the US to better manage their insurance needs in a changing mobility landscape.
Expanding US presence and partnerships
The capital injection will also enable INSHUR to strengthen its presence across the United States and expand its partnerships with established mobility players, including platform giants such as Uber and car rental platforms. The company has taken a leading position in facilitating Uber's 'Bring Your Own Insurance' initiative, giving individual drivers more control over their insurance and profitability.
Dan Bratshpis, Chief Executive Officer and Co-founder of INSHUR, said: "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."
Regarding its financial performance, INSHUR disclosed that it has recorded a consistent compound annual growth rate (CAGR) of more than 50% since 2023. The company anticipates this trajectory will continue as it further deploys new products and continues to invest in artificial intelligence during the current year. According to INSHUR, there is a clear path to surpassing a USD $100 million revenue run rate within a year, underscoring its scale ambitions within the insurance sector for the on-demand economy.
Tal Brener, Group Chief Financial Officer of INSHUR, said: "We are in a consistent >50% CAGR since 2023. With our new products and solutions being deployed during this year, and our investment in AI, we are on a trajectory to accelerate this growth. Along with our clear path to profitability, we aim to cross the $100m revenue run rate in less than a year to cement our position as a world class leader in insurance for the on-demand economy."
Recent achievements
INSHUR recently reported that it has sold over 1 million policies in the United Kingdom, which is one of its core operating markets. The firm operates globally and provides insurance solutions for commercial mobility drivers, fleet operators and delivery drivers. Its platform focuses on making commercial insurance simpler and more accessible for participants in the growing gig and on-demand economy sector.
Backing from Trinity Capital
Trinity Capital's involvement as the principal investor in this round is seen as recognition of INSHUR's business model and technology focus. The investment manager, with interests in tech-enabled and growth-focused businesses, commented on INSHUR's capabilities and potential impact.
Jack McNamara, Director of Tech Lending at Trinity Capital, said: "INSHUR's deep market knowledge, technology-first approach, and data-driven strategy make them a leader in the commercial auto insurance space, especially within the booming on-demand economy. We are excited to partner with the team at INSHUR as they work to redefine the future of insurance."
The capital raise strengthens INSHUR's current financial standing and aims to bring the company closer to profitability within the fiscal year. The deal follows advice from Burch & Company, through its associated registered investment banking agent, Edge OMC, which acted as the sole advisor during the transaction.
