CSAA-backed digital home insurance provider Kin secured $63.9m to increase its overall funding to about $150m.

Kin Insurance, a US-based insurance technology developer backed by insurance firm CSAA, has collected $63.9m in series C financing, Crunchbase News reported yesterday.

Hedge fund manager Senator Investment Group and alternative asset manager Hudson Structured Capital Management (HSCM) co-led the round, which also attracted University of Chicago (UChicago)’s Startup Investment Program, Allegis NL Capital and Alpha Edison.

Founded in 2016, Kin provides home insurance policies directly to the consumer, rather than relying on a brokerage. It calculates risk based on…