Usage-Based - FinTecBuzz

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FinTecBuzz

VOOM Raises $15 Mn to Provide Usage-Based Insurance

VOOM Raises $15 Mn to Provide Usage-Based Insurance

October 5, 20215 min

Already the leading commercial drone insurance provider in North America, VOOM is expanding coverage to motorcycles, light aircraft, rideshare & delivery drivers VOOM, creators of innovative insurance products for underserved mobility segments, announced $15 million in funding today to expand its usage-based insurance model to additional mobility verticals. The funding round was co-led by JAL Ventures and UP.Partners, with the participation of F2 Capital, Arbor Ventures, Verizon Ventures, and ICON Continuity Fund and brings VOOM’s total funding...

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