Kin Insurance: A Unicorn with a $1bn+ Valuation

Kin Insurance, a digital home insurance company, has raised $15m in funding, boosting its valuation above $1bn and securing unicorn status. The funding round was led by Activate Capital and will allow Kin to accelerate its expansion efforts and introduce new products. The company has achieved over 50% year-over-year revenue growth while maintaining positive net income in 2023.