Trinity Capital fuels INSHUR’s global expansion with $35m investment

Trinity Capital, an alternative asset manager, has committed $35 million in growth capital to INSHUR, a global provider of embedded insurance for the booming on-demand economy.

This significant investment will accelerate INSHUR’s continued expansion across the US and bolster its technological advancements.

INSHUR specialises in providing commercial insurance for on-demand mobility drivers, fleet operators, and delivery platforms across the mobility and delivery sectors.

The company recently surpassed 1 million policies sold in the UK, one of its core markets.

Its platform offers a personalised suite of tech-enabled insurance products, providing flexible coverage and protection that adapts to the distinct needs of on-demand drivers.

Jack McNamara, Director of Tech Lending at Trinity Capital, commented: “INSHUR understands the unique challenges of drivers across the on-demand economy and is delivering tailored insurance solutions designed to specifically meet those needs.

“We are excited to partner with their team as they continue to scale operations and deliver accessible coverage to drivers around the world.”

The new capital injection will help grow INSHUR’s expansion in the US, as well as advance its research into artificial intelligence (AI) technologies for underwriting and real-time pricing, develop new solutions for the autonomous vehicle market, and expand partnerships with platforms offering on-demand services.

Dan Bratshpis, CEO and Co-founder of INSHUR, said: “With a consistent >50% CAGR since 2023, rapid international growth and a clear path to profitability, this raise helps INSHUR continue to cement its position as the leader in insurance solutions for the on-demand economy.

“Trinity Capital’s support will enable us to accelerate our U.S. and global expansion, and to leverage our deep insurance and technology expertise to further develop our service offering into innovative and upcoming areas such as autonomous vehicles.”

Burch & Company, Inc., through their registered investment banking agency associated with Edge OMC, acted as the sole advisor to INSHUR for this transaction.

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