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ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans

CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy insurance offerings that could be available next year.



San Francisco, Calif.-based CoverHound announced its Series C financing round today, just months after announcing its Series B round.



The investment gives ACE a roughly 24 percent stake in the tech company and representation on its board, according to CoverHound CEO Keith Moore.



Click here for the full Insurance Journal article.

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