BOXX Insurance, the Toronto headquartered insurtech that combines cyber insurance and security announced a US$14.4 million Series B funding round, bringing the total amount raised from investors to US$24.5 million in the last 16 months. The latest investment was led by global giant, Zurich Insurance Company Ltd (Zurich).
BOXX also today announced that its business met its combined goal to grow 10x in the last 24 months whilst continuing to outperform its underwriting targets. Over 250,000 individuals and 10,000 businesses are protected by BOXX.
“Our goal was always to help our customers stay ahead of cyber threats in addition to being there to help them respond and recover from an incident,” said BOXX co-founder and CEO Vishal Kundi. “We’ve been making a lot of headway with this and additional category expansion.”