Branch received $147 million Series C funding led by Weatherford Capital. Branch is a full-stack insurance company that uses data, technology, and automation to make home and auto insurance completely frictionless. The raise brings Branch's valuation to $1.05 billion and will continue to support the company's mission of making insurance less expensive so more people can be insured. Participating new and existing investors include Acrew, AmFam Ventures, Anthemis, Gaingels, Greycroft, HSCM Ventures, Narya, SignalFire, and Tower IV.
The announcement comes on the heels of an expansion into nine new states already in 2022, making Branch's frictionless insurance available in 28 states. Branch has grown its annualized written premium 1300 percent YoY in the last 12 months. In addition to its unprecedented geographic growth, Branch's embedded insurance partner ecosystem continues to blossom as it offers instant insurance in moments consumers need it most. Branch has already partnered with key industry players across the mortgage, auto, and home security industries including Homepoint®, OpenRoad Lending®, and SimpliSafe® to make it even more convenient for consumers to save on insurance.