Toffee Insurance raises Series A funding of $5.5 million

Money Control

Insurance Technology (insur-tech) firm Toffee Insurance has raised $5.5 million Series A funding led by IVM Intersurer along with Omidyar Network, Flourish Ventures, Accion Venture Lab and Kalaari Capital.

This is Toffee Insurance’s second consecutive raise from four of the five key investors after their initial funding round of $1.5 million in 2018.

In an interaction with Moneycontrol, Rohan Kumar, CEO and co-founder of Toffee Insurance said the first round of funds was proof of concept.

Read more at Money Control.

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