US insurtech Vouch invests in broking start-up Capsule

Capsule, which launched a year ago, is a specialist insurance provider to high-growth companies in the UK, whilst Vouch offers a similar service in the US.

Since Capsule launched in September 2021, the company has signed up a number of UK start-ups including Onfido, Codat, Otta, Hofy and Castore and has in recent months partnered with SeedLegals and Crowdcube.

Thomas Wynne, co-founder and CEO of Capsule (pictured), told Insurance Age that he was unable to reveal the amount of investment Vouch had made in Capsule. The broker noted that the additional funding will be used to advance its technology and recruitment.

The two companies will also work together to help support their clients’ European and international needs, including Capsule assisting Vouch’s US venture and incubator partners with their UK portfolio companies.

Wynne added: “The hyper-growth start-ups we support have global aspirations. Yet even the most sophisticated teams face a steep learning curve when scaling their risk management programs internationally. Our partnership with Vouch enables us to solve insurance holistically across markets and unlock further growth.”

Sam Hodges, CEO and co-founder of Vouch, commented: “Vouch is committed to protecting founders and company builders where they are today and where they’ll be tomorrow. Our partnership with Capsule represents an important first step in our plan to provide holistic international risk management solutions, so our clients can protect their global operations with the same ease and confidence they experience with us today. We’re excited to start this journey with the Capsule team.”

Wynne set up Capsule after selling commercial insurance broker, Kingsbridge, in 2020. The start-up company currently has 15 employees and Wynne hopes this to be on the right side of 20 by the end of the year.

Capsule won Broker Start-Up and ESG Broker Champion - Sustainability at the UK Broker Awards in September.

For all the latest industry news direct to your inbox, sign up for our daily newsletter.