![]() With the new investment, KKR’s Allan Jean-Baptiste and Jake Heller will join the Policygenius board. The Series D funding will “really accelerate the very strong growth we were already seeing over the last three years.” “The company has reached an inflection point where it made sense to throw the proverbial fuel on the fire,” Fitzgerald, a Policygenius co-founder, said in a phone interview. ![]() Chief Executive Officer Jennifer Fitzgerald said the company isn’t discussing an exit path through an initial public offering or sale, and is focused on continued expansion. Policygenius, founded in 2014, has been expanding its product offerings and last year added a second headquarters, in Durham, North Carolina, to one in New York. Outside investors are focusing more on later-stage financing rounds, according to Deloitte. Investors have been pouring money into insurance-related startups in recent years, with about $4.36 billion of funds being deployed into insurtech companies in the first nine months of 2019, according to a report from Willis Towers Watson Plc.
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