Posted in News & Updates, on 04/27/2016
25.5 Million in Funding and Official Global Launch of Trōv On-Demand Insurance!
Trōv announces the world's first on-demand insurance platform for single items!
Today is a BIG day.
After many months of hard work, I’m happy to officially announce the launch of the world's first on-demand insurance platform for single items! It will be seamlessly integrated with the Trōv mobile app and for the first time ever empower people to insure just the things they want, for exactly the duration they want, entirely from a mobile device.
We'll be launching first in Australia in the coming weeks, and the UK will follow later in 2016. The US and other regions will be released in 2017 and beyond.
Along with this news, I'm pleased to announce the closing of US$25.5M in funding, led by premier venture fund OAK HC/FT, along with industry leading insurance technology provider, Guidewire, Australia’s number one insurer, Suncorp, and Anthemis Group (an existing Trōv investor). This funding will give us the resource we need to continue to develop our technology and also expand globally.
We can’t wait for you to try it out and look forward to introducing you to an entirely new way for you to protect just the things that are important to you.
For the full announcement check out our press release.
Scott Walchek, Trōv Founder & CEO