Kin Insurance agreed to go public via a merger with Omnichannel in a $1.03bn deal.

Kin Insurance, a home insurance company, agreed to go public via a merger with Omnichannel, a publicly-traded special purpose acquisition company, in a $1.03bn deal. Investors in PIPE included Hudson, Senator, Gillson Capital and Park West. “The home insurance industry has been coasting for years on legacy technology and an antiquated way of interacting with customers. It is more than ripe for an innovative alternative and that is exactly why we created Kin – to provide customers with a better home insurance offering, better pricing and an overall better experience,” Sean Harper, Kin Insurance Co-founder and CEO.