MIC Global Raises US$6 Million Funding Round led by Launchpad Capital

The funding will enable MIC Global to accelerate its growth and mission to provide a global financial safety net through accessible embedded microinsurance.

Source: Newswires

MIC GLOBAL (MIC), a full stack embedded microinsurance provider, today announced it has raised a US$6 million seed funding round. The round was led by Launchpad Capital, and joined by Greenlight Re Innovations, Ironsides Partners, and existing investors.

Jamie Crystal, Co-founder and CEO of MIC Global, said: “We are pleased to welcome Launchpad Capital, GreenlightRe, and Ironsides Partners as strategic investors and partners to help fuel MIC Global’s continued growth as the preeminent embedded micro insurance provider. MIC is reimagining how insurance is bought and sold, and the additional capital will support the company’s global growth strategy with a focus on expanding our technology-enabled insurance platform to provide protection to people in both developed and emerging countries through our banking, mobile phone, digital/technology, insurance, and insurtech partners.”

Ryan Gilbert, Managing Partner at Launchpad Capital, added: “Jamie Crystal and Harry Croydon bring decades of global insurance and technology leadership to the embedded microinsurance opportunity. They built a team, technology infrastructure, and underwriting capacity that allows embedded distribution partners to rethink microinsurance. Innovators shouldn’t be restricted to ‘on the shelf’ products. MIC Global is the insurance sector’s equivalent to fintech’s sponsor banks.

Read full article: https://www.einnews.com/pr_news/683738594/mic-global-raises-us-6-million-funding-round-led-by-launchpad-capital

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