Latham & Watkins Advises Kin Insurance in US$50 Million Series E Financing Round

Kin, the pioneering, direct-to-consumer, digital home insurance provider, has announced it has raised an oversubscribed US$50 million Series E financing at a pre-money valuation of US$2 billion. The lead investors in the Series E round are QED Investors and Activate Capital, with participation from other new and returning investors. The Series E brings the total primary equity raised to US$286 million, nearly doubles Kin's previous US$1.1 billion valuation, and accelerates its mission to deliver accessible, affordable home insurance everywhere in the United States, including areas where legacy insurers are pulling back.

Latham & Watkins LLP advised Kin Insurance on the financing with a team led by Bay Area partners Brian Patterson, Erica Kassman, and Rick Kline, with associates Omar Ammash, Darwin Ng, and Taleah Tyrell.