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- Vouch
Vouch Revenue, Valuation, Funding & Investors
Vouch is valued at $550M as of September 2021.
Last Vouch valuation
$550M
Series C · Sep 2021
Last Vouch funding round
$25M
Series C · Mar 2024
Vouch revenue
$66M
Series B · Nov 2019
Key investors in Vouch
Alumni Ventures
Ribbit Capital
Two Culture Capital
Y Combinator
Redpoint
Allegis Group
About Vouch
Vouch is a San Francisco-based managing general agent offering business insurance for startups via a digital platform with instant quotes from carriers like Markel and Next Insurance. Launched in 2018, the service covers D&O liability, general liability, and cyber risks for over 20,000 high-growth tech firms.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$66M (Nov 2019)
Valuation
$550M (Sep 2021)
Sectors
Vouch Valuation
Vouch is currently valued at $550M, based on its Series C in September 2021.
The $60M round was led by Ribbit Capital and SVB Capital, with participation from Sound Ventures, Two Culture Capital, Everywhere Ventures, Allegis Group, Alumni Ventures and 2 other investors.
Vouch's valuation has grown 2.6x from $210M at its Series B in November 2019 to $550M in September 2021, across 2 priced rounds.
Vouch valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2021 | Series C | $550M | - |
| Nov 2019 | Series B | $210M | 3.2x |
Vouch Revenue
Vouch's latest recorded revenue is $66M, as of its Series B in November 2019. At a $210M valuation, that implies a 3.2x revenue multiple.
Vouch revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2019 | $66M | $210M | 3.2x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Vouch Funding History
Vouch has raised a total of $185M across 6 funding rounds.
Vouch's first fundraising round was a $200K seed round in December 2018. The most recent completed round was a $25M Series C in March 2024.
Vouch funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2024 | Series C | Ribbit Capital (lead); Redpoint; Y Combinator; Anthemis; Liquid 2 Ventures; MS&AD Ventures; Allegis Group | $25M | - | Vouch is a US-based insurtech company providing business insurance tailored for high-growth startups and scale-stage companies, offering digital-first procurement, proprietary underwriting, and coverages that scale with client growth. Founded in 2018, it serves thousands of clients across 27 states, with products like Vouch Horizon for scale-stage startups and innovative offerings such as AI Insurance addressing risks like regulatory errors and IP issues. The company has expanded reinsurance partnerships from four to seven in 2023 and resolved hundreds of complex claims totaling millions of dollars. On March 11, 2024, Vouch closed a $25 million oversubscribed Series C-1 funding round led by Ribbit Capital, with participation from existing investors including Allegis Group, Anthemis, Liquid 2 Ventures, MS&AD Ventures, Redpoint, and Y Combinator. This insider-led tranche follows strong 2023 performance, including 66% year-over-year revenue growth, favorable loss ratios, over 120% annual premium retention, and improving margins. Total funding raised exceeds $185 million from top Silicon Valley investors. Funds will enhance insurance products, expand distribution channels, and invest in the technology platform amid industry headwinds. Vouch has prior rounds including a $60M Series C in September 2021 at $550M valuation and a Series A of $24.5M in 2019 led by Ribbit Capital. A later Series D of $18.5M occurred in February 2025. |
| Sep 2021 | Series C | Ribbit Capital (lead); SVB Capital (lead); Sound Ventures; Two Culture Capital; Everywhere Ventures; Allegis Group; Alumni Ventures; Launchpad Capital; SiriusPoint | $60M | $550M | Vouch is a San Francisco-based insurtech company founded in 2018, providing all-digital B2B insurance services tailored for startups, including fast online quotes in under 10 minutes and features like cap table coverage for directors and officers insurance. In September 2021, it announced a $60 million Series C round co-led by Ribbit Capital and SVB Capital, alongside a previously unannounced $30 million Series B1 led by Redpoint Ventures, bringing the combined new funding to $90 million and total raised to approximately $160 million across prior seed, Series A ($24.5M led by Ribbit and SVB), and Series B ($45M led by Y Combinator Continuity Fund) rounds. The $550 million post-money valuation was reported for this September 10, 2021 Series C round. Vouch became a fully licensed insurance carrier around this time to own its policies and enable embedded insurance through partners' applications, with plans to allow all partners' customers to buy coverage directly via partner websites within 12 months. The company had 125 employees at the time and aimed to use the funds for hiring, technical investments, product expansion, and embedded insurance tech development. Vouch focused on startup-specific needs without phone calls or paperwork. Subsequent rounds included Series C-II ($25M in 2024), unattributed VC in 2023, and Series D ($18.5M in 2025 with Allegis Capital), pushing total funding over $231 million, with later valuations like $306.49 million in Series D-1. |
| Nov 2020 | Series B | Redpoint (lead) | $30M | - | - |
| Nov 2019 | Series B | Y Combinator Continuity Fund (lead); Two Culture Capital; VentureSouq; Socii Capital; Terrence Rohan; Alumni Ventures; Pelion Venture Partners | $45M | $210M | Vouch is a San Francisco-based insurtech company offering seamless, digitally-delivered business insurance products tailored specifically for startups and high-growth technology companies. Founded by Sam Hodges and Travis Hedge, Vouch provides proprietary policies backed by Munich Re, addressing risks like general liability and helping founders focus on growth. The company launched in markets like Utah and Illinois in September 2019, quickly achieving 5% market share in Utah within eight weeks and an NPS of 80, and expanded to California and planned nationwide coverage by end of 2020. It is a preferred provider for Silicon Valley Bank clients, covering about 50% of U.S. venture-backed tech and life sciences startups. On November 20, 2019, Vouch announced a $45 million Series B funding round led by Y Combinator Continuity Fund, following a $24.5 million Series A in September 2019 led by Ribbit Capital and SVB Financial Group, and seed funding from Y Combinator in August 2019. Other investors in the Series B and prior rounds include Alumni Ventures, Pelion Venture Partners, Socii Capital, Terrence Rohan, Two Culture Capital, VentureSouq, Index Ventures, and 500 Startups, bringing total funding raised to $70 million at that time. The funding was aimed at expanding market reach, improving technology infrastructure, scaling operations, and enhancing product offerings to support more startups amid increasing regulatory and risk standards for tech companies. Y Combinator Continuity partner Anu Hariharan highlighted Vouch's alignment with YC's mission to support founders, positioning it as fundamental infrastructure for the startup ecosystem similar to investments in Brex, Gusto, and Stripe. Vouch maintained offices in San Francisco and Chicago. |
| Sep 2019 | Series A | Ribbit Capital (lead); SVB Financial Group (lead); Index Ventures; Two Culture Capital; Y Combinator; Montage Ventures; Chad Nitschke; Endurance Companies; Gramercy Ventures; 500 Global | $25M | - | Vouch Insurance is a San Francisco-based insurtech company offering all-digital B2B insurance services exclusively to startups, covering risks like general liability, property, cyber, E&O, and D&O. Policies are sold online at vouch.us, with activation in 10 minutes and starting at $300 per year, backed by Munich Re reinsurance. It launched authorized in Utah and Illinois, planning California entry in fall 2019, 10 states by year-end, and nationwide by 2020. Vouch is a preferred provider for Silicon Valley Bank's clients, covering about 50% of U.S. venture-backed tech and life science startups. On or around September 17, 2019, Vouch raised $24.5 million in Series A funding led by Ribbit Capital and SVB Financial Group, with participation from Y Combinator, Index Ventures, and 500 Startups (also known as 500 Global). The funds were allocated to expand to more states, broaden product offerings, and grow the team. Later developments include a $90 million raise in September 2021 across a $60 million Series C co-led by SVB Capital and Ribbit Capital, plus a $30 million Series B1 led by Redpoint Ventures, with additional backers like Allegis Group, Sound Ventures, and SiriusPoint. |
| Dec 2018 | Seed | Alumni Ventures (lead); Rabil Ventures; Quiet Capital | $200K | - | - |
Who has invested in Vouch?
28 investors have backed Vouch across its funding rounds, including Alumni Ventures, Ribbit Capital, Two Culture Capital, Y Combinator, Redpoint and Allegis Group.
Lead investors include Ribbit Capital, SVB Capital, Redpoint, Y Combinator Continuity Fund, SVB Financial Group and 1 other investor.
Vouch Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Sep 2019 | ||
| 3 | Lead | Dec 2018 | ||
| 3 | Lead | Sep 2019 | ||
| 2 | Lead | Nov 2020 | ||
| 2 | Participant | Sep 2019 | ||
| 2 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Lead | Sep 2021 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 28 Vouch investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Vouch
Vouch has acquired 1 company to date.
Last acquisition by Vouch was on January 11th 2023. Vouch acquired Level for undisclosed valuation.
Latest Acquisitions by Vouch
| Description | Level is a San Francisco-based fintech platform that acquires loans from startups to provide them with capital for growth. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 11 Jan 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Vouch acquisitions and their M&A valuation multiples. Start Free Trial | |
Vouch Competitors
Vouch competitors include listed companies like SanlamAllianz Maroc, Investors Title and Sabre Insurance Group, and private ones like Paytm Insurance, Future Generali and Royal Sundaram General Insurance Co. Limited.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $837M | $166M | $541M | 0.6x | ||
| Publicly listed | $273M | $49M | $561M | - | ||
| Publicly listed | $270M | $69M | $565M | 1.7x | ||
| Private | - | - | $533M | - | ||
| Private | $518M | - | $576M | 1.1x | ||
| Private | - | - | $525M | - |
Vouch Public Comps
Vouch is still privately-owned, but its public comps include SanlamAllianz Maroc, Investors Title, Sabre Insurance Group, American Integrity, Hapvida, Crawford, Ray Sigorta, AMERISAFE, Tiptree and American Coastal.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $837M | $166M | 0.6x | 0.6x | 2.9x | - | |||
| $273M | $49M | 2.0x | - | 11.2x | - | |||
| $270M | $69M | 1.9x | 1.7x | 7.3x | - | |||
| $276M | $117M | 1.0x | 0.3x | 2.3x | - | |||
| $6.1B | $787M | 0.3x | 0.3x | 2.7x | 4.0x | |||
| $1.3B | $89M | 0.6x | 0.6x | 9.2x | 6.7x | |||
| $652M | $111M | 0.0x | - | 0.0x | - | |||
| $317M | $60M | 1.3x | 1.3x | 7.1x | - | |||
This data is available for Pro users. Sign up to see all Vouch competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Vouch
| When was Vouch founded? | Vouch was founded in 2018. |
| Where is Vouch headquartered? | Vouch is headquartered in San Francisco, CA, United States. |
| Is Vouch publicly listed? | No, Vouch is a private, VC-backed company. |
| What is Vouch's valuation? | Vouch was last valued at $550M in its Series C in September 2021. |
| How much funding has Vouch raised? | Vouch has raised $185M across 6 funding rounds. |
| What was Vouch's last funding round? | Vouch's last funding round was a $25M Series C in March 2024, led by Ribbit Capital. |
| Who are Vouch's investors? | Vouch's investors include Two Culture Capital, Alumni Ventures, Ribbit Capital, Redpoint, Y Combinator, Allegis Group, Sound Ventures, SVB Capital, Index Ventures, Anthemis and 18 others. |
| What is Vouch's revenue? | Vouch's latest recorded revenue is $66M (November 2019). |
| What is Vouch's revenue multiple? | Vouch's latest valuation implies a 3.2x revenue multiple ($210M valuation on $66M of revenue). |
| Which companies are comparable to Vouch? | Companies comparable to Vouch include SanlamAllianz Maroc, Investors Title, Sabre Insurance Group, Paytm Insurance, Future Generali and Royal Sundaram General Insurance Co. Limited. |
| How many companies has Vouch acquired? | Vouch has acquired 1 company, including Level. |
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