See other companies on Welcome to the Jungle
Spot Insurance
Custom-built injury insurance provider
- 21-100 employees
- Fintech
- B2C
- B2B
- Insurance
- Galindo, Austin, TX
Jump to section
Company mission
Spot's mission is to turn the insurance industry on its head by building the first lifestyle brand in the insurance world, encouraging its customers to live life to the fullest knowing it's got their back.
-21% employee growth in 12 months
Our take
Affordable healthcare continues to be a major problem in the US; roughly 30 million people go without comprehensive healthcare and have high medical costs, causing many to go into debt. Spot is tackling this with a digital, on-demand injury insurance product that can be used as-is, or as a complement to traditional health insurance.
It provides customized injury insurance policies directly to consumers, or through strategic partnerships with companies and organizations. It has over a dozen partners in the extreme sports industry, including USA Cycling, Powder Mountain, USA BMX, National Ski Patrol, and athleteReg, and covers tens of thousands of people. Spot grew 800% in policies and 300% in partnerships from 2021-2022.
The company's direct-to-consumer policies are already available in 42 states, and its business-to-employee coverage is nationwide. Its recent funding is being used to hire across all areas of the company, go after new partnerships, and develop a go-to-market strategy. The company has enjoyed several rounds of investment which is boosting its product expansion.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Paid holidays
- Relaxed PTO policy
- Medical, dental and vision insurance
- 401k
- Bereavement
- Parental leave
- Equipment for a remote setup
- A Spot Injury plan
Funding (last 2 of 4 rounds)
Oct 2022
$2.1m
EARLY VC
Jun 2022
$25m
EARLY VC
Total funding: $47.9m
This company has top investors
Leadership
Maria Goy
(Co-CEO)Former Vice President IT Business Operations at the New York Life Insurance Company. Current Member of Chief, a private network built to drive more women into positions of power and keep them there.
Matt Randall
(Co-CEO)Previous co-founder and CEO of Twyla Inc and POP Austin International Art Show.