Trov signs up insurers for $45m round

Apr 10, 2017 • Robert Lavine

Munich Re/HSB Ventures has led a series D round that also included Suncorp, Sompo Holdings and insurance technology producer Guidewire.

Munich Re/HSB Ventures, the corporate venturing arm of reinsurer Munich Re, has led a $45m series D round for US-based on-demand insurance provider Trov that took its total funding to “just over” $85m.

Insurance firms Sompo Holdings and Suncorp, insurance software provider Guidewire, venture capital fund Oak HC/FT and VC firm Anthemis also participated in the round, all but Sompo having invested in Trov’s $25.5m series C in April 2016.

Trov has built an app that can provide on-demand…

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