Startup Trov secures $45m for expansion efforts

smartphone-apps-sharing

In its latest round of funding Trov received financing from Munich Re’s investment arm, HSB Ventures, and Japanese insurer, Sompo. The company has previously received financial backing from Axa, Suncorp Group, Guidewire, and Anthemis Group, bringing its total funding to just over $85m. Trov, which launched last year in the UK and in Australia, provides insurance coverage for single items of personal property that can be turned on and off with the swipe of a smartphone. The California-based