We're thrilled to announce our latest investment in Kin Insurance's Series E alongside Activate Capital and QED Investors!
The U.S. homeowners insurance market has been under intense strain, especially in states vulnerable to natural disasters. Many traditional insurers have responded by raising premiums sharply, pulling back from high-risk regions, or exiting markets altogether, leaving millions of homeowners with few, if any, affordable coverage options.
Kin Insurance is a direct-to-consumer home insurance company that uses technology and data analytics to offer customizable, competitively priced coverage in catastrophe-prone areas often underserved by traditional insurers. The company simplifies the buying process, offering transparent pricing, and using real-time property data to underwrite risks more accurately.
Read more about Why We Invested.
Impact Engine CEO Jessica Droste Yagan officially joined the Global Impact Investing Network Board of Directors this month. The GIIN, which counts approximately 450 member organizations worldwide, is a global champion of impact investing, dedicated to increasing its scale and effectiveness around the world through publications, conferences, workshops and more.
We are happy to invite you to save the date for the next Chicago SRI/ESG/Impact Group breakfast discussion on Wednesday, October 15th from 7:45-9:30am. We will confirm the Chicago location shortly.
The topic of our discussion will be on impact in fixed income. This session will feature various asset allocators sharing new, creative strategies for integrating impact into some or all of their fixed income allocation. Speakers will share how to use fixed income in its various structures to further align portfolios with their values, mission, and impact, while also addressing any trade-offs.
BXP, the largest publicly traded developer, owner and manager of U.S. workplaces, relies on our portfolio company Measurabl to provide the actionable analytics that drive its sustainability goals. The property firm, which owns more than 53 million square feet of property concentrated in major cities, has been able to cut energy costs by over $2 million, and even generated $5.3 million in demand response payments since it began working with Measurabl in 2017. Read more about how Measurabl identifies real time savings opportunities for clients like BXP.
Kin, the digital home insurance provider, expanded its coverage to include Missouri, making it the 13th state in its roster. "Missouri's weather doesn't follow a one-size-fits-all pattern, and neither should its home insurance," said Sean Harper, CEO and Founder of Kin. "Kin analyzes thousands of property-specific data points to understand exactly how resilient each Missouri resident’s home is to the extreme weather patterns facing Missourians. This precision allows us to offer accurate pricing that reflects actual risk, not broad assumptions."
NephroPlus, Asia's largest network of dialysis centers, launched its 500th clinic. The company, which earlier this year was recognized by the Guinness Book of World Records for the world's largest kidney health screening event, operates in India, Uzbekistan, Nepal, Saudi Arabia, and the Philippines. As part of their activities, NephroPlus also operates a training academy that now has educated over 1,000 graduates working in the field of kidney health in India.