Kin Insurance was founded in 2016 by Jason Heidkamp, Lucas Ward, Sean Harper, Sebastian Villarreal, and Stephen Wooten. In 2021 the company announced plans to go public via SPAC merger, though the company later cancelled the deal due to “current unfavorable market conditions.”
Kin is a direct-to-customer home insurance company that uses data to provide affordable coverage to homeowners in catastrophe-prone regions. The company has raised more than $390 million in venture capital funding from investors including Runway Growth Capital, Avenue Capital Group, Skyline Capital Management, Hudson Structured Capital Management, and Group1001.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
02/05/2024 | Series D-5 | $5MM | $xx.xx | $1B | Activate Capital | |
Price per Share
$xx.xx
Shares Outstanding
227,272
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Activate Capital
|
||||||
03/01/2022 | Series D-4 | $5MM | $xx.xx | $873.87MM | Allegis Nl Capital, Alpha Edison, August Capital, Avanta Ventures, Commerce Ventures, Flourish Ventures, Geodesic Capital, Hudson Structured Capital Management, Proof.Vc, Qed Investors | |
Price per Share
$xx.xx
Shares Outstanding
83,153
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allegis Nl Capital, Alpha Edison, August Capital, Avanta Ventures, Commerce Ventures, Flourish Ventures, Geodesic Capital, Hudson Structured Capital Management, Proof.Vc, Qed Investors
|
||||||
03/01/2022 | Series D-3 | $95MM | $xx.xx | $873.87MM | Allegis Nl Capital, Alpha Edison, August Capital, Avanta Ventures, Commerce Ventures, Flourish Ventures, Geodesic Capital, Hudson Structured Capital Management, Proof.Vc, Qed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,579,924
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allegis Nl Capital, Alpha Edison, August Capital, Avanta Ventures, Commerce Ventures, Flourish Ventures, Geodesic Capital, Hudson Structured Capital Management, Proof.Vc, Qed Investors
|
||||||
06/03/2021 | Series D-2 | $16.13MM | $xx.xx | $601.3MM | Flourish Ventures, Hudson Structured Capital Management, Senator Investment Group, Symphony Ventures | |
Price per Share
$xx.xx
Shares Outstanding
347,495
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Flourish Ventures, Hudson Structured Capital Management, Senator Investment Group, Symphony Ventures
|
||||||
06/03/2021 | Series D-1 | $60.5MM | $xx.xx | $601.3MM | Flourish Ventures, Hudson Structured Capital Management, Senator Investment Group, Symphony Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,303,119
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Flourish Ventures, Hudson Structured Capital Management, Senator Investment Group, Symphony Ventures
|
||||||
08/13/2020 | Series B-2 | $12.62MM | $xx.xx | $180.64MM | Allegis Nl Capital, Alpha Edison, August Capital, Avanta Ventures, Flourish Ventures, Hudson Structured Capital Management, Qed Investors, University Of Chicago | |
Price per Share
$xx.xx
Shares Outstanding
1,525,203
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allegis Nl Capital, Alpha Edison, August Capital, Avanta Ventures, Flourish Ventures, Hudson Structured Capital Management, Qed Investors, University Of Chicago
|
||||||
08/13/2020 | Series B-3 | $3.08MM | $xx.xx | $180.64MM | Allegis Nl Capital, Alpha Edison, August Capital, Avanta Ventures, Flourish Ventures, Hudson Structured Capital Management, Qed Investors, University Of Chicago | |
Price per Share
$xx.xx
Shares Outstanding
351,181
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allegis Nl Capital, Alpha Edison, August Capital, Avanta Ventures, Flourish Ventures, Hudson Structured Capital Management, Qed Investors, University Of Chicago
|
||||||
08/13/2020 | Series B-1 | $23.56MM | $xx.xx | $180.64MM | Allegis Nl Capital, Alpha Edison, August Capital, Avanta Ventures, Flourish Ventures, Hudson Structured Capital Management, Qed Investors, University Of Chicago | |
Price per Share
$xx.xx
Shares Outstanding
1,569,540
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allegis Nl Capital, Alpha Edison, August Capital, Avanta Ventures, Flourish Ventures, Hudson Structured Capital Management, Qed Investors, University Of Chicago
|
||||||
02/15/2018 | Series A | $12.86MM | $xx.xx | $52.24MM | August Capital, Commerce Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,954,831
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
August Capital, Commerce Ventures
|
||||||
08/01/2017 | Series Seed-2 | $124,999.49 | $xx.xx | $14.4MM | 500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square | |
Price per Share
$xx.xx
Shares Outstanding
151,086
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square
|
||||||
08/01/2017 | Series Seed-3 | $19,999.85 | $xx.xx | $14.4MM | 500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square | |
Price per Share
$xx.xx
Shares Outstanding
16,043
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square
|
||||||
08/01/2017 | Series Seed-4 | $344,995.85 | $xx.xx | $14.4MM | 500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square | |
Price per Share
$xx.xx
Shares Outstanding
207,555
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square
|
||||||
08/01/2017 | Series Seed-5 | $234,994.47 | $xx.xx | $14.4MM | 500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square | |
Price per Share
$xx.xx
Shares Outstanding
113,101
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square
|
||||||
08/01/2017 | Series Seed-6 | $44,996.40 | $xx.xx | $14.4MM | 500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square | |
Price per Share
$xx.xx
Shares Outstanding
18,047
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square
|
||||||
08/01/2017 | Series Seed-1 | $3.46MM | $xx.xx | $14.4MM | 500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square | |
Price per Share
$xx.xx
Shares Outstanding
1,111,127
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Avant, Capital One, Chicago Ventures, Commerce Ventures, Facebook, Linkedin, Omidyar Network, Portag3 Ventures, Square
|