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Alternative Insurance Distributor Lands $33.3mn in Fundraising Effort Led by National Insurer

A company self-described as an “insurance disrupter” – and described by others as a potential threat to the agent distribution channel – has raised $33.3 million in a Series C financing round led by ACE Group.

CoverHound, a digital platform allowing consumers to compare and purchase insurance, announced Tuesday that it now has more than $53 million in total funding following the financing round, which it plans to use to expand into the small business and commercial markets.

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