The gig worker-focused insurance platform developer raised fresh capital in an Assurant-backed round bringing its total equity and debt financing past $100m.
US-based gig economy insurance provider Buckle secured $60m on Wednesday in a series B round featuring Assurant Ventures, the corporate venturing subsidiary of insurance company Assurant.
Private equity firm Volery Capital Partners led the round, which also featured HSCM Bermuda, the insurance investment vehicle for asset manager Hudson Structured Capital Management, as well as Eldridge and unnamed other investors. HSCM Bermuda also expanded an existing $10m term loan to $20m.
Buckle’s online platform provides insurance for gig economy workers like…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
