The funding round was led by Munich RE / HSB Ventures, and brings the company’s total funding to $112.28 million, Trov said, with Japanese insurance firm Sompo Holdings also investing in the insurance technology company.
Suncorp Group was a Series C investor in the start-up, and offers the app to its clients.
The new funding will be used to support Trov’s “global expansion, growth of the categories covered and new product development”, the company said.
The San Francisco-based Trov operates in Australia and the UK, and plans to enter the US market later this year.
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