# Givesurance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/givesurance

- Industry: Financial Services
- Headquarters: US
- Website: www.givesurance.com
- Latest round: Seed (Aug 6, 2014)
- Investors on record: 4

## About

Givesurance, Inc. specializes in delivering tailored insurance solutions for businesses, focusing on sectors like trucking, contracting, and small enterprises, ensuring clients receive appropriate coverage and support throughout their operations.Givesurance, Inc. was founded in 2014 and is headquartered in the United States. The company provides insurance solutions designed to address specific business needs. The founder, Jennifer Rasiah, has a history of entrepreneurship, further solidifying her expertise in the insurance sector. The company raised USD 0.9 mn in Seed funding in June 2015, marking it as the sole funding round to date.Givesurance specializes in providing tailored insurance solutions for businesses, focusing on industries such as trucking, contracting, and small enterprises. Their core offerings include Commercial Auto Insurance, General Liability Insurance, Workers' Compensation, Fleet Insurance, and specialized Contractor Insurance. These products address common pain points faced by business owners, such as navigating complex policies and managing Certificate of Insurance (COI) requests. By leveraging technology, Givesurance enables clients to generate and send COIs rapidly, file and track claims with ease, and receive proactive coverage audits to ensure adequate protection year-round. The company serves a diverse client base, including owner-operators, small fleet managers, and specialized carriers across various states in the U.S.Givesurance generates revenue through a structured transaction model that includes direct-to-consumer sales and B2B services, allowing businesses to acquire insurance products tailored to their specific needs. Clients typically engage with the company to obtain comprehensive coverage packages, often including a combination of Commercial Auto and General Liability Insurance. Each transaction features competitive pricing plans that reflect the unique requirements of different industries, ensuring clients receive optimal coverage at accessible rates. The company emphasizes a user-friendly experience, enabling clients to manage their policies and claims via an integrated app, enhancing customer satisfaction and fostering long-term relationships that contribute to a consistent revenue stream from policy renewals and new business acquisitions.Givesurance plans to utilize recent funding to enhance its product offerings and expand into new markets. The company is currently designing innovative insurance products aimed at better serving the trucking and contracting industries. Specific release dates for these upcoming products are yet to be determined. Additionally, Givesurance is targeting expansion into new geographic regions within the U.S. by the end of 2016, seeking to increase its market presence and client base. The funding raised in June 2015 will support these initiatives, allowing the company to strengthen its operational capacity and product development.

## Funding rounds

- Seed, Aug 6, 2014 — 500 Global
- Seed, Jul 23, 2014 — Kima Ventures, Cherry Ventures
- Seed, Jun 1, 2014 — Berlin Ventures

## Investors

- Berlin Ventures (https://capitalatlas.ai/funds/berlin-ventures) — Seed
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed