American Family helped digital auto insurance portal Branch secure $147m while Anthem, Optum and CVS Health all contributed to a $140m round for home care platform developer CareBridge.

Funding

US-based digital home and car insurance provider Branch has raised $147m in a series C round featuring insurer American Family’s corporate venturing arm, American Family Ventures. The round was led by Weatherford Capital and included asset manager Hudson Structured Capital Management’s HSCM Ventures unit, Acrew, Anthemis, Gaingels, Greycroft, Narya, SignalFire and Tower Ventures’ Tower IV fund.

Health insurance provider Anthem, pharmacy benefit manager Optum and pharmacy chain operator CVS Health have taken part in a $140m round for CareBridge,…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.