RICHMOND, Va.–(BUSINESS WIRE)–November 1, 2018–
Compare.com, the arch online car allowance allegory site, appear today that it has aloft $35 Million to advice ammunition its amplification and cast development. Compare.com ally with over 60 top U.S. auto allowance companies to advice drivers acquisition authentic prices for the action that best fits their needs. Founded in 2013, the aggregation has aloft a absolute of $185 Million to date authoritative it one of the better investments in the rapidly growing Insuretech category.
Investors for this accession accommodate above Admiral Group CEO, Henry Engelhardt and his wife, whereby they will advance $25 Million into Compare.com. As a aftereffect of this investment, Henry will accompany the Compare.com Board of Directors.
Separately, Admiral Group, a founding investor, has provided Compare.com a $10 Million convertible accommodation instrument. Andrew Rose, CEO of Compare.com, commented, “We are captivated to defended this advance and we attending advanced to alive carefully with Henry, who has abysmal ability of Compare.com and the U.S. market.”
Rose said the new funds will acquiesce Compare.com to abide to brainwash consumers on the allowances of online car allowance allegory shopping, body cast acquaintance and users, and aggrandize the agenda of top insurers on the Compare.com platform.
Compare.com is a bound accountability association headquartered in Richmond, VA, majority endemic by the Admiral Group, LLC, the UK’s additional better auto insurer and a affiliate of the FTSE 100. Currently alms car allowance allegory casework for US consumers in 49 states, Compare.com allows consumers to ample out a distinct anatomy and get assorted authentic quotes from trusted auto insurers. Through simple side-by-side comparison, Compare.com makes award the best accessible ante on car allowance easy.
For Compare.comChristine Hardman, 646-277-1286orScott Tangney, [email protected]
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