Insurance technology company Joyn Insurance announced today that it exceeded its fundraising target with a $17.7 million Series A funding round.

Small business E&S insurtech Joyn has announced that it has raised just shy of $18mn in a Series A funding round led by OMERS Ventures that also includes investment support from Avanta Ventures, ManchesterStory, among others.

Launched in July 2021, Joyn Insurance integrates insurance, data and technology expertise, providing a faster, more accurate and more transparent experience that saves time, costs and frustration.

The new funding, which brings the company's total raised to more than $30mn, will be used to further enhance its technology platform and data capabilities.

Small business-focused E&S insurtech Joyn has secured investment backing for a Series A funding round expected to top $16mn, led by OMERS Ventures and also including investment participation from venture capital firms ManchesterStory and Avanta Ventures, The Insurer can reveal.

The company is adding property, general liability, and excess lines of coverage in Arizona, Colorado, Nevada, Oregon, and Washington. Joyn is now accepting submissions in 32 states and Washington, D.C.

Seraina Macia-led SME-focused insurtech Joyn has launched a fundraising process that could see the company net between $20mn and $30mn in capital in what would be the company’s Series B round as it fuels up to support its growth, The Insurer can reveal.

In this podcast, you'll hear from Joyn Insurance's CEO and founder, Seraina Macia. And your host for this episode is L.E.K. Consulting's Justin Balcombe. Justin co-leads L.E.K.'s insurance practice and has over three decades of experience in the insurance industry.

SME-focused US insurtech Joyn recognises the need for alignment of interest with its reinsurers in addition to bringing access to a data-centric, machine-augmented underwriting platform it believes will outperform the market, according to CEO Seraina Macia.

Joyn CEO Seraina Macia discusses what we’ve been able to achieve since launching in the market last year. We are well on the way to transforming the insurance experience into a joyful one and those who have already joined forces with us are seeing for themselves how joyful the insurance experience can be.

Start-up MGA Joyn is expecting to expand its lines of business into 18 additional states early this year as the InsurTech outlines its growth strategy for 2022.

New digital managing general agency Joyn is expanding its excess and surplus coverage offerings to a total of 28 states plus Washington, D.C. The majority of the new offerings are excess lines of business in 21 states and Washington, D.C, with seven states seeing expansions into property lines and general liability added to Joyn’s New York offering, which launched earlier this month.