Capsule, a specialist insurance provider to high-growth companies in the UK, has partnered with insurance platform Vouch.
Vouch, founded by CEO Sam Hodges and CRO Travis Hedge, describes itself as a “new kind of insurance platform”.
Specifically tailored to startups, Vouch offers fully digital, tailored coverage that takes minutes to activate.
With over $160m raised to date from the likes of Y Combinator, Ribbit Capital, Silicon Valley Bank and Index Ventures, as well as a recent valuation of over $550m, Vouch has called itself a “soonicorn”, with its sights firmly set on the next stage of business growth.
Launched in 2021, Capsule is a specialist insurance provider that helps startups and scale-ups in sectors such as Web3, Fintech, Enterprise (SaaS) and Consumer Tech navigate the risks of rapid expansion by ensuring they have the proper protection in place.
The partnership comes just a year after Capsule’s launch and will help startups and tech innovators across all the main markets protect themselves as they grow.
As part of the partnership, Capsule will also assist Vouch’s US venture and incubator partners with their UK portfolio companies.
Vouch has made an investment in Capsule. The additional funding will be used by Capsule to advance its technology and recruitment.
Sam Hodges, CEO of Vouch, said, “Vouch is committed to protecting founders and company builders where they are today and where they’ll be tomorrow. Our partnership with Capsule represents an important first step in our plan to provide holistic international risk management solutions, so our clients can protect their global operations with the same ease and confidence they experience with us today. We’re excited to start this journey with the Capsule team.”
Recently, Chubb Life Hong Kong and AEON Credit Service Company launched a distribution partnership to take advantage of cross-sector opportunities across the insurance and retail markets.
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