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
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $51.0M
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First Round
First Round
(01 Jun 2018)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series D - Branch | Valuation | American Family Ventures |
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| Jun, 2022 | Amount | Series C - Branch | Valuation | Weatherford Capital | |
| Jun, 2022 | Amount | Series C - Branch | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
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VC and PE investments are provided by family office-backed firm.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Acrew Capital venture firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Branch
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Branch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Branch Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance solutions for early-stage and high-growth companies are provided by Vouch.
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| domain | founded_year | HQ Location |
P&C insurance for individuals is provided via mobile app.
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| domain | founded_year | HQ Location |
Online comparison platform for property & casualty insurance
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| domain | founded_year | HQ Location |
Offers business insurance coverage and employee benefits consulting for companies.
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| domain | founded_year | HQ Location |
Offers customized insurance for auto, home, farm, and business needs in Indiana.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Branch
Frequently Asked Questions about Branch
When was Branch founded?
Branch was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Branch located?
Branch is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Who is the current CEO of Branch?
Steve Lekas is the current CEO of Branch. They have also founded this company.
Is Branch a funded company?
Branch is a funded company, having raised a total of $452.5M across 8 funding rounds to date. The company's 1st funding round was a Series C of $147M, raised on Jun 01, 2018.
What does Branch do?
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.
Who are the top competitors of Branch?
Branch's top competitors include Vouch, Pier and Bamboo Insurance.
What products or services does Branch offer?
Branch offers Home Insurance, Auto Insurance, and Umbrella Insurance.
Who are Branch's investors?
Branch has 14 investors. Key investors include SCOR, Foundation Capital, Anthemis Group, American Family Ventures, and Weatherford Capital.
What is Branch's valuation?
The valuation of Branch is $1.05B as of Jun 2022.
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