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UK insurance provider Capsule will support the European insurance needs of Vouch’s US startups and partners, and Vouch has become an investor in Capsule.
San Francisco When London, November 10, 2022 /PR Newswire/ — capsulea specialist insurance provider to UK high-growth companies, today announced a partnership with bouch, San FranciscoAn insurance platform that provides business insurance to high-growth tech startups in the US. This partnership will enable the two companies to work together to support the needs of their clients internationally. The partnership comes just one year after the launch of his Capsule and will help startups and tech innovators in all major markets protect themselves as they grow.
Vouch and Capsule have announced a partnership to support their clients’ business insurance needs internationally.
As part of the partnership, Capsule also backed Vouch’s US venture and incubator partner’s UK portfolio companies, which Vouch invested in Capsule. Additional funding will be used by Capsule to further its technology and adoption.Since the launch of the capsule September 2021, the company works for top domestic startups and scale-ups including Onfido, Codat, Otta, Hofy and Castore, and in recent months has partnered with SeedLegals, Crowdcube and many leading VCs. I’m here. Co-founder before launching Capsule Thomas Wynn When Liam Green Successfully sold UK insurance group Kingsbridge for nine-figure value to US-based NSM. March 2020.
Vouch founded by CEO Sam Hodges (former CEO of Funding Circle US) and CRO Travis Hedge (former Silicon Valley Bank) is a new kind of insurance platform for startups, with fully digital and customized coverages that can be activated in minutes. provide.Above $160 million Y Combinator, Ribbit Capital, Silicon Valley Bank, Index Ventures and others have raised to date, with a recent valuation of $550 millionVouch cemented its position as a “Soonicorn” with a firm focus on the next phase of business growth.
Sam Hodges, CEO of Vouch, commented: Our clients can now secure their global operations with the same ease and confidence that we do today, and we are thrilled to begin this journey with the Capsule team.”
Thomas WynnCo-Founder and CEO of Capsule, added: We will provide comprehensive insurance across the market and achieve further growth. ”
For more information on Capsule, please visit our website at www.capsulecover.com. For more information on Vouch, please visit www.vouch.us.
About the capsule
Capsule is an insurance provider that helps startups and scale-ups in sectors such as Web3, Fintech, Enterprise (SaaS) and Consumer Tech avoid the risks of rapid expansion by ensuring adequate protection. Capsule specializes in covering businesses from seed stage to IPO, offering directors and officers, key persons, professional coverage, cyber liability insurance, and many other insurances. Their advice is geared toward growth (“capsule” is an anagram of “scale up”) and is backed by cutting-edge technology that tracks clients across 300+ data points.
As a certified B Corporation, Capsule is also committed to using business as a force for good. Their team is equally passionate about helping similarly mission-driven and influential organizations recognize and reward these elements in the insurance industry.
About Bouch
Vouch is a US-based provider of business insurance to thousands of high-growth businesses. Since its inception in 2018, the firm has helped clients get risk management right through niche expertise, a unique approach to pricing and underwriting, rapid digital-first sourcing, and coverage that expands as the company grows. I have supported you. For more information on Vouch, please visit https://www.vouch.us/.
Media Contact:
Sarah Kane
Sarah.cain@vouch.us
415-378-0775
Victoria McDonnell
victoria.mcdonnell@capsulecover.com
01242 801389
View original content and download multimedia: https://www.prnewswire.com/news-releases/vouch-partners-with-capsule-to-support-startups-internationally-301674064.html
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