VentureSouq, a Dubai-based investment platform focused on investing in early-stage startups around the world, has invested in Vouch, a US-based startup that offers business insurance to startups only, it announced in a statement to MENAbytes yesterday.
The investment was part of Vouch’s $45 million Series B (announced last month) led by Y Combinator’s Continuity Fund. It takes the total money raised so far by the San Francisco-headquartered startup to $70 million. The previous investors of Vouch include Index Ventures, 500 Startups, Ribbit Capital, and Y Combinator.
Vouch has not disclosed the valuation it raised this money at but TechCrunch citing Pitchbook data has pointed out that that it’s $210 million.
Founded by a startup veteran Sam Hodges who previously co-founded business lending platform Funding Circle and Travis Hedge, a former Senior Associate at SVB Capital, Vouch, offers “fast, tailored, digitally-delivered insurance designed to support and scale with startups in high-pressure, rapid-growth environments."