We're thrilled to announce that Rainbow has secured $8 million in Series A funding, led by Zigg Capital. This investment will accelerate our expansion into additional business verticals and enhance our proprietary technology platform.
Our flagship product, an admitted Business Owner’s Policy (BOP) designed specifically for the restaurant industry, is currently live in 24 states and will soon expand into additional states, including New York. Our specialized risk selection approach, supported by our proprietary “continuous underwriting” software, enables us to address the unique risks faced by small businesses in challenging industry niches.
As CEO and Co-founder Bobby Touran stated, "This new capital will allow us to accelerate our expansion into additional verticals in service of growing demand from our agent and distribution partners, all while continuing to innovate our proprietary technology and attracting the best talent to our team."
Read the full story here 👉 https://www.businesswire.com/news/home/20250115735260/en/Rainbow-Announces-%248-Million-Series-A-Funding-to-Expand-Small-Business-Insurance-Offerings
