California-based on-demand insurance startup Trov has raised US$45 million ($59.44 million) in a Series D round led by Munich Re / HSB Ventures, with participation from all its Series C investors, including Australia’s Suncorp Group.
Set to be held at Suncorp’s headquarters at Brisbane Square, the Fintech Startup Weekend is looking to boost local interest in the space. With over 20 fintech businesses already headquartered in Southeast Queensland, there is significant space for the sector to grow.
US startup Trov to launch on-demand insurance app in Australia with Suncorp Group after US$25.5 million raise
Californian insurance startup Trov has today announced the closing of a US$25.5 million Series C round led by Oak HC/FT, with participation from Australia’s Suncorp Group, Guidewire, and Anthemis Group, as well as the launch of its new on-demand insurance app into Australia next month.