Rapid-quoting insurance startup raises $24M round

Branch-Insurance

Columbus-based insurance startup Branch has closed a $24 million Series A funding round, enabling it to take its rapid underwriting and quoting technology nationwide.

Co-founder Steve Lekas, who has spent more than 18 years in the insurance industry, estimates the company could grow from 25 employees to 150 by mid-2021. About 1,000 customers have signed up as Branch policyholders—600 in Ohio—since it launched last fall. It has offices in the Short North.

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Story excerpt provided by Columbus CEO.

Written by Katy Smith.

Originally published July 22, 2020.

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