Searching for smart, safe news you can TRUST?

Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Searching for smart, safe news you can TRUST?

Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sure, a startup that lets consumers shop for insurance right from their smartphones, is quietly catching the eye of investors and insurance carriers. Less than a month after announcing a partnership with Nationwide, the New York-based company has raised $6.3 million in new funding, according to an SEC filing.

Sure's pitch: Founded in 2014, the startup touts itself as a modern way for consumers to find, purchase, and manage their insurance policies. Currently it offers coverage for travelers, smartphones, and home renters, plus life and accident insurance. It currently is partnered with Chubb, Nationwide, Marsh, and Guy Carpenter.

Bigger picture: Insurance is one of the fintech sectors being upended by smartphones, and new companies are devising new business models that better fit consumer behaviors. In 2016, there were 173 investments in insurance startups, according to CB Insights, although total dollars invested fell 37% to $1.69 billion.

Deal details: According to the filing, Sure is aiming to raise up to $8 million. IA Capital Group likely led this round as principal Alex Maffeo is newly listed as a director. Sure previously raised $2.6 million from ff Venture Capital, Fosun Kinzon Capital, and Montage Ventures. Axios has contacted both Maffeo and Sure CEO Wayne Slavin but has not heard back.

Go deeper

55 mins ago - Economy & Business

How Trump and Biden would steer the future of transportation

Illustration: Eniola Odetunde/Axios

President Donald Trump and Democratic challenger Joe Biden would likely steer automotive policy in different directions over the next four years, potentially changing the industry's road map to the future.

Why it matters: The auto industry is on the cusp of historic technological changes and the next president — as well as the next Congress — could have an extraordinary influence on how the future of transportation plays out.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

IPOs keep rolling despite stock market volatility

Illustration: Aïda Amer/Axios

Stock market volatility is supposed to be kryptonite for IPOs, causing issuers to hide out in their private market caves.

Yes, but: This is 2020, when nothing matters.