# Bunker Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bunker-technologies

- Industry: Insurance
- Headquarters: Madison, US
- Website: www.buildbunker.com
- Total disclosed funding: $8.1M
- Latest round: Series A (May 11, 2017)
- Investors on record: 6

## About

Based in Wisconsin, US, and co-founded by Chad Nitschke (CEO) in 2015, Bunker Protect, Inc. operates as an insureTech company offering an online insurance marketplace. In March 2018, the firm raised its venture funding led by investor Chubb. As of March 2018, the firm’s platform is used in 43 states of the US.

The company offers quick and easy access to coverage plans through its online on-demand insurance solutions tailored for independent workers, businesses, and contractors. After a few questions from businesses and freelancers, the platform gives the exact insurance coverage they require, with a quote returned in less than 5 minutes, as well as compliance certification. Additionally, Bunker's product solutions include marketplace insurance solutions, which further include on-demand insurance on occupational accidents, general liability, commercial automotive, etc, and certificate of insurance tracking, which further includes certification progress tracking, certificate downloading, and notification on expiration and cancellation. The company also provides businesses with a Bunker Public API (application programming interface) to view and manage the insurance compliance of all their contracts.

The company generates revenue by offering usage-based insurance products embedded directly into its platforms. Workers are instantly insured while on the job and pay only for the insurance they use, which starts at USD 0.30 per hour. Additionally, users can choose from common policies or customize their own from over 20 insurance products like Cyber Liability, Auto, and Workers' Compensation and get general liability coverage starting from USD 21 per month, professional liability coverage starting with USD 41 per month, and business owner’s bundle starting with USD 54 per month.

## Funding rounds

- Series A, May 11, 2017, $6M — Comcast Ventures, Hiscox, Omidyar Network, Route 66 Ventures, American Family Ventures, Argonautic Ventures
- Seed, Apr 11, 2016, $2M — Comcast Ventures, Hiscox, Route 66 Ventures, American Family Ventures

## Investors

- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Seed, Series A
- Hiscox — Seed, Series A
- Route 66 Ventures (https://capitalatlas.ai/funds/route-66-ventures) — Seed, Series A
- American Family Ventures (https://capitalatlas.ai/funds/american-family-ventures) — Seed, Series A
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series A
- Argonautic Ventures (https://capitalatlas.ai/funds/argonautic-ventures) — Series A