April 13, 2021

eventim-yu

Poppin Fresh Travel

Battleface secures $12M to grow journey insurance policies system

Travel and fintech startup Battleface has won the backing of Drive Funds in a Sequence A spherical to the tune of $12 million.

The spherical will come 18 months after the U.S.-based mostly enterprise secured an undisclosed seed financial investment from Greenlight Re Improvements and Fintech Ventures Fund in January this 12 months.

The Series A will be made use of to create a headquarters for the corporation in Columbus, Ohio, as well as fund its growth technique and marketplace expansion.

In individual, Battleface will do the job on building personalized solutions for associates and white label solutions, making it possible for vacation providers to promote insurance coverage products to shoppers.

Unsurprisingly the organization has knowledgeable an “unprecedented calendar year” in the midst of the coronavirus pandemic, with tourists turning to insurance plan suppliers to defend them in the course of the disaster.

CEO Sasha Gainullin, who produced the enterprise soon after beforehand producing insurance policy functions for AIG Travel Guard, says: “When we started Battleface, we set out to make travel insurance relevant to our shoppers, basic to invest in and obtainable for absolutely everyone in the globe.

“Our expansion due to the fact then has significantly surpassed our first expectations, and this funding will support us convey vacation insurance policy to thousands and thousands far more as we go on to create our traveller targeted international insurance system.”