Branch is a technology-driven home and auto insurance company with a mission to restore insurance back to its original intent - a force for communal good.
Branch taps into the power of community to make insurance accessible and affordable for everyone, utilizing innovative technology makes it easier than ever to save money by bundling Home and Auto Insurance in seconds.
Branch was founded in 2018 by Steve Lekas and Joseph Emison. The company is headquartered in Columbus, Ohio.
Branch is focused on removing as much friction as possible from the insurance-buying process, enabling the company to partner across the mortgage, home building, auto, and home security industries and instantly embed Branch into the buying experience.
Branch integrates insurance at the point of sale of other products to pay less than traditional insurers for customer acquisition and therefore offers a lower price. The company introduced two community programs, My Community Discount and Community Pledge, which harness the power of community to make insurance more accessible and affordable.
Branch has partnered with mortgage or security system providers to integrate insurance at the point of sale in their products. Partners include Homepoint, OpenRoad Lending and SimpliSafe, among others.
Branch is backed by Greycroft, Anthemis Group, HSCM Bermuda, Weatherford Capital, Acrew, Cherry Creek Holdings, American Family Ventures, SignalFire, SCOR P&C Ventures, Narya, and others. The company raised $147M in Series C round on Jun 08, 2022. This brings Branch's total funding to $229.5M to date. The latest round mints Branch a unicorn with a valuation of $1.05B post-money.