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Vouch
Startup insurance for venture-backed companies
- 201-500 employees
- Fintech
- B2B
- Insurance
- Financial Services
- Financial District, San Francisco, CA
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Company mission
To remove chance from the equation, so founders win and lose for the right reasons.
5% employee growth in 12 months
Our take
Startups can find it hard to get insured, thanks to legacy systems that struggle to accommodate the concept of, for example, a successful company flush with funding but low on revenue. Vouch is a US insurtech startup looking to right this wrong for startups right from seed stage.
Instead of applying unsuitable risk assessment procedures, adding irrelevant coverage, and wrapping the whole thing up in startup-prohibitive exclusions, Vouch’s approach is to reform the process from the ground up. Cutting loose in this way from legacy processes means Vouch both offers an unusually tailored product, and can pivot more swiftly towards the rapidly changing requirements of its startup clientele. For example, by offering additional packages suitable to remote working when workforces pivoted online.
It’s won Vouch strong investor confidence, with backers including Y-Combinator and Silicon Valley Bank, and around $6B in risk protected. This is relevant, because publicly traded insurtech startup giants like Lemonade and Root have been routed in the markets recently. Vouch’s strong and relatively protected position could see it sneak up on them, if it can maintain its momentum.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Health: Comprehensive health, dental, and vision coverage for you and any dependents. Access to HSA and FSA accounts to make your pre-tax money go further. Life insurance and short term disability coverage at no extra cost. One Medical membership and monthly wellness stipends to support your health
- Balance: Remote-first. Unlimited PTO to take time when you need it. Flexible work scheduling around core collaboration hours. Generous parental leave to support your family’s growth. Monthly Wellness days to underscore the importance of wellness
- Growth: Transparent career frameworks and leveling. Leadership and mentorship opportunities to learn new skills. Strong continuous feedback culture to foster growth
- Wealth: Competitive compensation including equity in what Vouch is building today. 401(k) plans to secure your future. Access to financial planning tools to help guide decision making
Company values
- Put people first: We lead with empathy and build positive business relationships with colleagues, partners, and clients. We hire and develop great people because a thriving team is the foundation of success
- Serve clients with integrity and excellence: Our goal is to exceed our clients’ expectations and our own, then set the bar higher and do it again. We are careful to prioritize long-term value over short term results
- Listen, challenge, and grow: We challenge the status quo, thoughtfully, and embrace growth as individuals and as a company. We deliver feedback respectfully, listen reflectively, and encourage constructive debate
- Face challenges head-on and win as a team: We are resilient and embrace change; when we struggle or fail, we pick ourselves up, dust ourselves off, and then get back to the pursuit of our mission
Funding (last 2 of 5 rounds)
Mar 2024
$25m
SERIES C
Sep 2021
$60m
SERIES C
Total funding: $184.5m
This company has top investors
Leadership
Sam Hodges
(CEO)A Stanford University School of Business grad who formerly co-founded and led the US arm of Funding Circle, leading the company to IPO.
Travis Hedge
(VP of Biz Dev)Worked as an investor with SVB Capital, and taught startup finance at The Ohio State University Fisher College of Business.