OCA - Home insurance startup Kin Insurance is said in deal to go public through SPAC Omnichannel Acquisition

Kin Insurance, which provides home insurance n Florida, California, and Louisiana, is said in talks to go public through SPAC Omnichannel Acquisition Corp. (OCA).The combined company may be valued at more than $1B and could be announced in June, according to a Bloomberg report.Kin raised $63.9M in Series C funding earlier this month and brings the company's total funding to more than $116M, the company told Crunchbase News. The home insurer is backed by investors including August Capital and Commerce Ventures.In March, SPAC Reinvent Technology Partners Z (RTPZ) announced a deal to take insurance platform Hippo public at a $5B valuation.

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Home insurance startup Kin Insurance is said in deal to go public through SPAC Omnichannel Acquisition