The UChicago-backed digital home insurance provider is joining forces with Omnichannel Acquisition Corp at a valuation of just over $1bn.

Kin Insurance, a US-based digital home insurer backed by that University of Chicago (UChicago)’s Startup Investment Program as an investor, agreed a reverse takeover with special purpose acquisition company Omnichannel Acquisition Corp yesterday. The merged company will take the listing secured by Omnichannel through a $200m initial public offering on the New York Stock Exchange…

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