EverQuote lands additional $13m for insurance marketplace

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Online insurance marketplace EverQuote is adding $13m to its $23m Series B round and appointing a new member to its board.

The new capital comes from SecondAlpha and Link Ventures.

They join the round’s existing backers Savano Capital Partners, Stratim Capital, Oceanic Partners and T Capital Partners.

Cambridge, Massachusetts-based EverQuote’s platform aims to use data to connect auto insurers with consumers who fit an appropriate risk profile for the company.

It will use the financing to grow its platform and hire as many as 80 more employees by 2018.

EverQuote also aims to expand into the home and life insurance fields.

The new capital brings the total raised by EverQuote to more than $37m.

In addition to the funding the firm is appointing Mira Wilczek to its board of directors.

Wilczek is a senior partner at Link Ventures and CEO of venture incubator Cogo Labs.

EverQuote CEO Seth Birnbaum said: “We are excited to welcome Mira Wilczek to our board and appreciate the invaluable insight she will bring to our rapidly growing marketplace.

“Mira comes to us from the same incubator EverQuote sprung from and understands how we operate and where we are headed as a company.”

She will replace Dr. Jonathan Shapiro, who joined EverQuote in the position of chief scientific officer.

Copyright © 2017 FINTECH GLOBAL

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