Regroup Closes Growth Round, Adds CFO

CHICAGO – June 26, 2018 – PRLog — Regroup, a leading virtual behavioral healthcare organization, recently closed a $5.5 million growth round of funding. Frist Cressey Ventures, Further Fund, HBS Angels of Chicago, HLM Venture Partners, Hyde Park Angels, CA Ventures, and OSF Ventures, all among the group of Series A major investors, contributed to the round. “Our investors are investing in us, our mission and the great progress we’ve made in these last months. Their support allows us to make a meaningful difference in the lives of thousands of patients across the country who otherwise may not be able to access these badly needed behavioral health services,” said David Cohn, Founder and CEO of Regroup.

Regroup will welcome two additional board members, Chris Booker of Frist Cressey Ventures and Vin Fabiani of HLM Venture Partners.”The combination of technology and an extensive network of quality behavioral health providers is key to addressing one of our nation’s biggest healthcare challenges. We are happy to partner with Regroup as it furthers its mission to expand access to behavioral health services,” commented Chris Booker, partner at Frist Cressey Ventures.

This recent round of funding will be used to further invest in Regroup’s sales, clinical teams, and operations. Regroup recently added a CFO to its senior management team. Kim Hill, CPA, brings a diverse background in senior finance and operations in startups, mid-size and Fortune 100 companies.

“I am thrilled to join David and the other seasoned members of the Regroup leadership team as we enter this next phase of growth, transforming behavioral health service delivery,” said Hill.

ABOUT REGROUP

Regroup provides integrated telepsychiatry services to health care entities and their patients across the United States. With its nationwide network of behavioral health clinicians, proven process, and virtual care platform, Regroup provides services to over 100 care sites across settings including primary care, outpatient behavioral health, tribal communities, and corrections. For more information, visit regrouptelehealth.com.

Contact
Emily Kohler
***@regrouptelehealth.com

Kin Insurance Raises $13M in Financing, Welcomes New Board Member

With its latest round of funding and new board member Caribou Honig, online home insurance startup Kin Insurance moves to service national markets.

CHICAGO (PRWEB) JUNE 11, 2018

Kin Home Insurance, an insurtech startup that’s simplifying and transforming home insurance, closed $13 million in funding so it can help protect homeowners nationwide. Kin also welcomed Caribou Honig, chairman and cofounder of the InsureTech Connect conference and a founding partner of the boutique venture capital firm QED Investors, to its board.

Since its official launch in 2017, Kin has provided home insurance in Florida and Texas, but plans to make its offerings available nationally by the year’s end. Its latest round of financing, backed by the Silicon Valley VC firm August Capital, will help the company launch new products over the next two quarters. Previously, Kin raised $4 million from leading venture capitalists and angel investors, among them Commerce Ventures, Omidyar Network, 500 Startups, Chicago Ventures, and Portag3 Ventures.

Seasoned insurtech veteran Honig brings years of insurance and data-driven marketing experience to this next stage of growth for the company. His expertise will help guide key decisions as Kin expands its reach.

“The insurance industry is long overdue for change,” Honig said. “It’s exciting to work with a company that can see beyond the status quo. Instead of slightly improving the product, Kin aims to reinvent home insurance.”

Historically, buying home insurance meant long applications, complex policies, limited offerings, and time lost on the phone with a local broker. Kin created an all-online process that prioritizes simplicity, affordability, and convenience. Homeowners can get a quote in seconds with just their address, and Kin can insure homes in riskier regions that are often overlooked by big insurance companies.

“Owning a home is challenging enough. We think insuring it should be easy,” Kin CEO Sean Harper said. “Some home insurance applications are so complicated you’d have to be a home inspector to accurately fill them out. So we rely on data to tell us what we need to know about the home. It saves the homeowner legwork and lets us offer the right coverage at a good price. That’s the kind of change we want to bring to the national level.”