About
Kin is a direct-to-consumer home insurer focused on catastrophe-prone states. Raised $286M equity total including $50M Series E (2025) at $2B valuation from QED Investors. $495M GWP and $156M revenue in 2024 with first profitable year. Serves 13 states covering $100B+ insured property value. $860M+ in catastrophe reinsurance secured.
Key Facts
- [1]Founded: Founded in 2016 in Chicago, United States.
- [2]Funding: Total funding: $286M. Last round: 2025. Stage: Late Stage.
- [3]Employees: Employee count: 201-500.
- [4]Website: Official website: kin.com.
- [5]AI Technology: Core AI/ML technologies: Predictive ML.
- [6]Region: Region: Americas (United States).
Founders
Sean Harper
Co-founder & CEO
Lucas Ward
Co-founder & CTO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Kin?
Kin is a direct-to-consumer home insurer focused on catastrophe-prone states. Raised $286M equity total including $50M Series E (2025) at $2B valuation from QED Investors. $495M GWP and $156M revenue in 2024 with first profitable year. Serves 13 states covering $100B+ insured property value. $860M+ in catastrophe reinsurance secured. Kin is classified in the Insurance segment at the Applications layer of the financial AI stack.
Who founded Kin?
Kin was founded by Sean Harper (Co-founder & CEO) and Lucas Ward (Co-founder & CTO) in 2016 in Chicago, United States. The company has been operating for 10 years.
How much funding has Kin raised?
Kin has raised $286M in total funding, placing the company at the Late Stage stage. The most recent round closed in 2025. Among 45 funded Insurance companies, Kin ranks #20 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Kin use?
Kin primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Insurance segment, 28 companies use this technology.
What market segment does Kin operate in?
Kin operates in the Insurance market segment. AI insurance companies are modernizing one of the oldest financial sectors, applying machine learning to underwriting, claims processing, actuarial modeling, and risk assessment across property, casualty, health, and life insurance lines.
Where is Kin headquartered?
Kin is headquartered in Chicago, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Kin's competitors?
Companies similar to Kin in the Insurance space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Ramp ($2.3B raised), Brex ($1.5B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Kin offer?
Kin builds applications-layer solutions for the financial services industry. The company's core offering: AI-first home insurance for risky areas. The platform is powered by Predictive ML technology.