On-demand insurance start-up Trov has raised 85 in a funding round led by Munich Re/HBS Ventures, taking its total investment to $$45mm. The California-based company says it will use the proceeds to expand its app-led product beyond its Australian launch market. Trov offers customers insurance on individual items, which can be activated and deactivated as required. It launched in Australia under a partnership with SunCorp, taking advantage of the nation's looser regulatory environment.
On-demand insurance start-up Trov has raised $45m in a funding round led by Munich Re/HBS Ventures, taking its total investment to $85m. The California-based company says it will use the proceeds to expand its app-led product beyond its Australian launch market. Trov offers customers insurance on individual items, which can be activated and deactivated as required. It launched in Australia under a partnership with SunCorp, taking advantage of the nation's looser regulatory environment.