# Catch Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/catch-financial

- Industry: Financial Services
- Headquarters: Boston, US
- Website: www.catch.co
- Total disclosed funding: $18M
- Latest round: Series A (May 27, 2021)
- Investors on record: 11

## About

Catch Financial, Inc., based in the US, offers innovative insurance solutions designed specifically for self-employed individuals and freelancers, focusing on simplifying the selection of health and dental insurance plans.Founded in 2016 and headquartered in Boston, US, Catch Financial, Inc. specializes in providing insurance solutions that cater to the unique needs of self-employed individuals. The company was co-founded by Andrew Ambrosino, Kristen Anderson, and Shae Bianchi, with Kristen Anderson currently serving as the CEO. The company has participated in 4 funding rounds with its most recent deal occurring on May 27, 2021, where it raised USD 12.000 mn in Series A funding led by Crosslink Capital, along with participation from Khosla Ventures, Kindred Ventures, Nyca, and Urban Innovation Fund.Catch offers a comprehensive suite of benefits tailored specifically for self-employed individuals and freelancers, including health, dental, and vision insurance. Their core service revolves around simplifying the insurance selection process, enabling users to find plans that align with their personal health needs, financial goals, and lifestyle preferences. The platform allows customers to enter personalized information to receive curated insurance plan recommendations, streamlining what can often be a complex process. Targeting a diverse clientele, Catch serves freelancers, gig workers, and small business owners across the United States, addressing the challenges faced by individuals without employer-sponsored benefits.Catch generates revenue primarily as an insurance broker, connecting clients with various insurance providers. The company does not charge customers directly for its services; instead, it earns a commission from insurance plans purchased through its platform. This model allows clients to access tailored insurance options at no additional cost while ensuring that Catch can provide support in navigating health coverage complexities. The revenue structure emphasizes a direct-to-consumer approach, enabling individuals to review and enroll in plans that best fit their circumstances while enhancing affordability through tax credits and savings.In May 2021, Catch Financial, Inc. raised USD 12.000 mn in Series A funding, which will be utilized to accelerate its partnership program and enhance product development. The company aims to introduce new insurance products designed specifically for the evolving needs of self-employed professionals. Additionally, Catch is planning to expand its reach into new markets across the United States by the end of 2023, focusing on underserved regions with growing populations of freelancers and gig workers.

## Funding rounds

- Series A, May 27, 2021, $12M — Crosslink Capital, Khosla Ventures, Nyca, Urban Innovation Fund, Kindred Ventures
- Seed, Mar 21, 2019, $5.1M — Khosla Ventures, Nyca, Indicator Ventures, Deepwater Asset Management, Urban Innovation Fund, Kindred Ventures
- Seed, Jan 15, 2019, $1M — Kleiner Perkins, Y Combinator, Prehype, Tempo Ventures, Urban Innovation Fund

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Prehype (https://capitalatlas.ai/funds/prehype) — Seed
- Tempo Ventures (https://capitalatlas.ai/funds/tempo-ventures) — Seed
- Urban Innovation Fund (https://capitalatlas.ai/funds/urban-innovation-fund) — Seed, Series A
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed, Series A
- Nyca (https://capitalatlas.ai/funds/nyca) — Seed, Series A
- Indicator Ventures (https://capitalatlas.ai/funds/indicator-ventures) — Seed
- Deepwater Asset Management (https://capitalatlas.ai/funds/deepwater-asset-management) — Seed
- Kindred Ventures (https://capitalatlas.ai/funds/kindred-ventures) — Seed, Series A
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A