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 in November 2020.
Hudson Structured Capital Management (HSCM)’s HSCM Bermuda subsidiary is co-leading an $80m private investment in public equity financing with Senator Investment Group at a $1.03bn post-money valuation that includes Gillson Capital, Park West Asset Management and unnamed others, in support of the deal.
Kin uses digital technology to offer customers home insurance through an online platform and markets itself as more affordable, even for those in areas prone to natural disasters. It operates in the US states of Florida, Louisiana and California and now plans to…
Hudson Structured Capital Management (HSCM)’s HSCM Bermuda subsidiary is co-leading an $80m private investment in public equity financing with Senator Investment Group at a $1.03bn post-money valuation that includes Gillson Capital, Park West Asset Management and unnamed others, in support of the deal.
Kin uses digital technology to offer customers home insurance through an online platform and markets itself as more affordable, even for those in areas prone to natural disasters. It operates in the US states of Florida, Louisiana and California and now plans to…
