About Branch
Branch is a company based in Columbus (United States) founded in 2017 by Steve Lekas and Joe Emison. It operates as a Direct-to-Consumer (D2C) and Commission-Based. Branch has raised $452.5 million across 8 funding rounds from investors including SCOR, Foundation Capital and Anthemis Group. Branch offers products and services including Home Insurance, Auto Insurance, and Umbrella Insurance. Branch operates in a competitive market with competitors including Vouch, Pier, Bamboo Insurance, Gilsbar and Indiana Farmers, among others.
- Headquarter Columbus, United States
- Founders Steve Lekas, Joe Emison
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Branch Financial, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$452.5 M (USD)
in 8 rounds
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Latest Funding Round
$51 M (USD), Series D
Oct 29, 2024
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Investors
SCOR
& 13 more
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Employee Count
Not available
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Products & Services of Branch
Branch offers a comprehensive portfolio of products and services, including Home Insurance, Auto Insurance, and Umbrella Insurance.
Home insurance is provided for property protection and coverage.
Auto insurance is offered for vehicle protection and liability.
Umbrella insurance is available for extra asset protection coverage.
People of Branch
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Software Development Team
15 people
Senior Team
9 people
Sales and Marketing
6 people
Human Resources and Administration
5 people
Operations Team
5 people
Leadership Team
3 people
Creative and Marketing Team
3 people
Data Analysis and Operations Team
3 people
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Funding Insights of Branch
Branch has successfully raised a total of $452.5M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $51 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Branch
Branch has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include SCOR, Foundation Capital and Anthemis Group.
| Investor | Description | Founded Year | Domain | Location |
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Corporate-backed venture capital firm focused on fintech, Insurtech, and multiple sectors
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VC and PE investments are provided by family office-backed firm.
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Early-stage startups are funded by Acrew Capital venture firm.
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Investor details for Branch
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Branch
Investment portfolio details for Branch
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- Portfolio identities
- Transaction dates
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Financial Statements - Branch
Detailed financials for Branch
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- Historical revenue
- Profit trends
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Branch Comparisons
Peer comparison for Branch
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Competitors of Branch
Branch operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vouch, Pier, Bamboo Insurance, Gilsbar and Indiana Farmers, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insurance solutions for early-stage and high-growth companies are provided by Vouch.
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P&C insurance for individuals is provided via mobile app.
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Online comparison platform for property & casualty insurance
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Offers business insurance coverage and employee benefits consulting for companies.
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Offers customized insurance for auto, home, farm, and business needs in Indiana.
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Detailed competitors of Branch
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Latest news on Branch
Complete news archive for Branch
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Frequently Asked Questions about Branch
Branch was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Branch is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Steve Lekas is the current CEO of Branch. They have also founded this company.
Branch is a funded company, having raised a total of $452.5M across 8 funding rounds to date.
Branch is established as a provider of home, auto, and umbrella insurance, focusing on simplicity and savings for its members. Insurance solutions are offered through a streamlined digital process, enabling quick policy customization and purchase. The company operates in the financial services sector, specifically targeting property and casualty insurance. Partnerships with leading lending companies are maintained to enhance accessibility. Tools and community programs are provided to reward members as the community grows, ensuring affordability and ease of switching from other providers.
Branch's top competitors include Vouch, Pier and Bamboo Insurance.
Branch offers Home Insurance, Auto Insurance, and Umbrella Insurance.
Branch has 14 investors. Key investors include SCOR, Foundation Capital, Anthemis Group, American Family Ventures, and Weatherford Capital.
The valuation of Branch is $1.05B as of Jun 2022.