Lowenstein Sandler represented Branch in its $147 million Series C funding led by Weatherford Capital. Branch is a full-stack insurance company that uses data, technology, and automation to make home and auto insurance completely frictionless.
With this deal, Branch’s valuation now exceeds $1 billion. Branch aims to make insurance less expensive so more people can be insured. Participating investors, both new and existing, include Acrew Capital, AmFam Ventures, Anthemis, Gaingels, Greycroft, HSCM Ventures, Narya, SignalFire, and Tower IV.
Branch launched in 2019 with a focus on leveraging the power of community to make insurance more affordable and has already helped members save an annual average of $548. The company has grown its annualized written premium 1300% YoY in the last 12 months.
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Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.