Hugo Insurance Services
Latest round
- Series A
Last raised
- Jun 2022
Total raised
- $10M
Investors
- 2
About Hugo Insurance Services
Founded in 2016 and headquartered in West Hollywood, US, Hugo Insurance Services LLC operates a unique car insurance model.00 mn.Hugo Insurance offers a unique car insurance model centered around micropayments and instant coverage, allowing users to pay for insurance on a flexible basis without the constraints of down payments or hidden fees. The service enables customers to insure their vehicles for as little as three days at a time, facilitating affordability for varied driving habits—ideal for those who drive infrequently or are budget-conscious. The company emphasizes convenience, with account setup and proof of insurance available in under six minutes. Hugo serves a diverse customer base, including everyday drivers, pregnant women, and stay-at-home parents who prioritize cost savings.Hugo Insurance generates revenue through a flexible pricing structure that allows customers to select insurance coverage tailored to their specific needs. Users can choose from plans that offer basic liability or full coverage, with the ability to pay on a daily, weekly, or monthly basis. This transactional model is structured to accommodate a wide range of users, from those requiring short-term coverage to those seeking more extensive protection. Customers pay upfront for their selected coverage duration, which activates their insurance instantly. The company is actively developing additional insurance products that cater to diverse customer needs, with expected launches aimed for later this year. Hugo is also targeting expansion into new geographic regions, specifically focusing on broader coverage across the United States by the end of 2024.
Who invested in Hugo Insurance Services
2 investors across 3 rounds
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Questions about Hugo Insurance Services
Who invested in Hugo Insurance Services?
Hugo Insurance Services has 2 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Hugo Insurance Services raised?
Hugo Insurance Services has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Hugo Insurance Services last raise money?
Hugo Insurance Services's most recent round on record is a Series A, in Jun 2022.
What does Hugo Insurance Services do?
Founded in 2016 and headquartered in West Hollywood, US, Hugo Insurance Services LLC operates a unique car insurance model.
Where is Hugo Insurance Services headquartered?
Hugo Insurance Services is headquartered in West Hollywood, US.
Which VCs invest in companies like Hugo Insurance Services?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at Hugo Insurance Services's stage. Their profiles are linked below.
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