Greenlight Re backs Vertical Insure

Vertical Insure closed a $2 million funding round, bringing its total seed raised since inception to $6 million. The round was led by Greenlight Re , with participation from others.

Vertical Insure provides vertical SaaS platforms with embedded, white label insurance products that can be deployed to their current customer base.

“We are really excited about Vertical Insure’s momentum and glad to have new strategic investors join the team. Greenlight Re has a strong track record of successfully supporting technology innovators in the (re)insurance space. We’re looking forward to together bringing game-changing insurance products to market.” – Brock Noland, Co-Founder and CEO of Vertical Insure.

“We believe that Vertical Insure will generate unique underwriting opportunities for Greenlight Re by tailoring embedded insurance products for industry-specific SaaS platforms and their clients.” – Simon Burton, CEO at Greenlight Re.

Vertical Insure will use this additional funding to accelerate product development, and hiring. Since its initial round of seed funding in December 2022, Vertical Insure finalized its partnership with battleface, a provider of travel, registration and event insurance.

“A great booking experience includes having the option to cancel and recoup your investment should unforeseen circumstances arise. We’re excited to be working alongside Vertical Insure to bring event participants and spectators alike highly personalized embedded products and services. By introducing coverage at the moment it’s needed and at the point where the customer is most likely to buy will ultimately lead to higher conversion rates.” – Beau Jeppesen, Head of Revenue at battleface.