# Huddle Insurance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/huddle-insurance-pty

- Industry: Insurance
- Headquarters: Sydney, Australia
- Website: www.huddle.com.au
- Total disclosed funding: $31M
- Latest round: Series B (Aug 21, 2021)
- Investors on record: 8

## About

Based in Sydney, Australia, and founded in 2016, Huddle Insurance Pty Ltd, is a provider of car, and home insurance. The company was founded by Jason Wilby and Jonathan Buck. In November 2018, Huddle Insurance Pty Ltd raised USD 19.25 million in series A funding led by new investor AirTree Ventures, with participation from other new investors Hollard Insurance, Alium Capital, and SevenWest Media. As of 2021, the firm has served around 35,000 individuals in Australia and it's a certified B-Corporation.

Huddle Insurance Pty Ltd. mainly offers car and home insurance for its clients across Australia. The firm provides both standard and customizable coverages for cars, such as theft and damage cover, lock and key replacement, roadside assistance, kanga Cover, and hire care, etc. Its unique Pay as you drive- car cover, allows the customers to pay a lower premium when they drive less than a pre-fixed distance in a year. The company's home insurance division provides house and contents insurance to renters, property owners, first-time home purchasers, and professionals, which protects the insured goods from natural catastrophes, unintentional damages, thefts, riots, and fire, among other things.
The firm also offers its clients, exclusive benefits, and the highest coverages for car, and home, through its premium package Huddle Black, and its mobile application Zap Claims™, combines machine learning and artificial intelligence capabilities to analyze claims, prevent fraud, and automate insurance operations, allowing users to file claims and get cash settlements or vouchers in a short period of time.

## Funding rounds

- Series B, Aug 21, 2021, $19M — Seven Media Group, Movac, AirTree Ventures, Five V Capital, Hollard Insurance, Hosanda Corporation Pty Limited, Latitude II GP
- Series A, Oct 23, 2018, $12M — Seven Media Group, AirTree Ventures, Alium Capital Management, Hollard Insurance, Hosanda Corporation Pty Limited

## Investors

- Seven Media Group — Series A, Series B
- AirTree Ventures (https://capitalatlas.ai/funds/airtree-ventures) — Series A, Series B
- Alium Capital Management (https://capitalatlas.ai/funds/alium-capital-management) — Series A
- Hollard Insurance — Series A, Series B
- Hosanda Corporation Pty Limited — Series A, Series B
- Movac (https://capitalatlas.ai/funds/movac) — Series B
- Five V Capital (https://capitalatlas.ai/funds/five-v-capital) — Series B
- Latitude II GP — Series B