In a bid to keep costs and rates low, it sells home insurance policies digitally and directly to consumers in 13 states, instead of employing a network of insurance agents. The insurance company itself is structured as a co-op owned by policyholders, with Kin taking 32% of premiums as a management fee. Reinsurance covers about 50% of the risk. In 2025, Kin expanded into two new states (Colorado and Missouri), started offering mortgages and grew its customer base to 217,000 policyholders, up from 172,000 the year prior.
<p>Funding: $330 million from QED Investors, Geodesic Capital and Allegis Capital, among others.
</p><p>Latest valuation: $2 billion.
</p><p>Date of last valuation: August 2025.
</p><p>Bona fides: In 2025, Kin revenue climbed to $202 million, from $156 million in 2024.
</p><p>Cofounders: CEO Sean Harper, 45, who previously cofounded ecommerce startup FeeFighters, which was acquired by Groupon in 2012; former Kin CTO Lucas Ward, 43, who left Kin in 2023 and previously cofounded fraud analytics startup Rippleshot.</p>
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