Insurance startup Gabi announced it has raised $2.6 million in seed financing. Three investors participated in the round: SV Angel, A Capital Ventures, and Project A Ventures.
Gabi monitors car insurance rates from all carriers and provides unbiased advice about optimal coverage. Unlike most insurance comparison sites, which require users to provide detailed information before receiving recommendations, Gabi scans a user’s existing plan and knows what coverage he or she needs before recommending new comparable options. The company will also recommend more coverage or less coverage based on a customer’s current plan and usage.
According to the company,Gabi, which is currently active in California, will be using the funding to expand its availability into other markets.
Gabi Raises $2.6 Million
