The $50 million Branch Financial Inc. raised in venture capital this week stands out among U.S. growth-stage startups even though rounds are bigger across the country.
The Columbus digital insurer’s Series B round is well above the median for that round to date in 2021: $30 million, up from about $20 million the past two years, according to data Crunchbase compiled for Columbus Business First. In fact, its $24 million Series A in March 2020 beat the median Series B last year.
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Story excerpt provided by Columbus Business First.
Written by Carrie Ghose.
Originally published June 11, 2021.