[[6][7][8]]Overview
Trov's app offers insurance for individual items and can be toggled on and off using "micro-duration policies".[9][10][11] The application allows users to track their possessions using a photograph or an item or receipt and is backed up to the cloud.[12] Trov partners with insurance carriers based on geographic region to offer coverage for the items protected through the app.[9][7][11]
In 2016, Trov's Series C funding round generated $25.5 million led by Oak HC/FT. Suncorp Group, Guidewire, and previous investor Anthemis Group also participated in the funding round.[9][17] As of 2016, Trov has raised $39.2 million in total funding.[6][7][20] The original cloud-based application was limited to personal inventory and tracking the value of possessions.[21] Following the funding round, Trov launched its mobile insurance platform in Australia in May 2016 through a partnership with Suncorp Group.[22][23][4] Trov partnered with AXA for coverage in the UK.[9][10][7] In September 2016, Trov reached an agreement with Munich Re to expand its insurance coverage in the U.S.[28]
On April 7th, 2017, Trov closed a $45 million Series D funding round led by HSB Ventures, with participation from Oak HC/FT, Suncorp Group, Guidewire, Anthemis, and Japanese insurance giant Sompo Holdings. The recent financing round brings Trov's total funding to just over $85 million. [2]
References
1. ^{{cite web| url=https://blogs.wsj.com/cio/2016/04/07/the-morning-download-tech-spending-declines-amid-shift-to-digital-business/| title=The Morning Download: Tech Spending Declines Amid Shift to Digital Business| author=Steve Rosenbush| date=April 7, 2016| publisher=The Wall Street Journal| access-date=January 23, 2017}}
2. ^{{Cite web|url=http://www.intelligentinsurer.com/news/munich-re-leads-45m-funding-for-insurtech-start-up-trov-11590|title=Munich Re leads $45m funding for insurtech start-up Trov|last=Media|first=Newton|website=www.intelligentinsurer.com|language=en|access-date=2017-04-07}}
3. ^1 {{cite web| url=http://www.finsmes.com/2016/04/trov-closes-25-5m-series-c-funding.html| title=Trōv Closes $25.5M Series C Funding| date=April 26, 2016| publisher=Fin SMS| access-date=January 23, 2017}}
4. ^1 2 {{cite web| url=http://www.finder.com.au/mobile-insurer-trov-is-targeting-millenials-with-new-on-demand-app| title=Swipe right to turn on and off protection for individual items.| publisher=Finder| access-date=January 23, 2017}}
5. ^1 2 {{cite web| url=http://assets-origin.bizjournals.com/sanjose/blog/techflash/2016/04/insurance-platform-trov-raises-25-5m-to-cover.html| title=Insurance platform Trov raises $25.5M to cover losses for millennials| date=April 26, 2016| author=Gina Hall| publisher=Silicon Valley Business Journal| access-date=January 23, 2017}}
6. ^1 2 3 4 {{cite web| url=http://www.geektime.com/2016/04/26/trov-raises-25-7m-series-c-to-launch-mobile-insurance-platform/| title=Trov raises $25.5M Series C to launch mobile insurance platform| author=Gabriel Avner| date=April 26, 2016| publisher=Geek time| access-date=January 23, 2017}}
7. ^1 2 3 4 {{cite web| url=https://techcrunch.com/2016/04/26/trov-insurance-on-demand/| title=With $25.5M in new funding, Trov launches on-demand insurance for individual items| author=Jordan Crook| date=April 26, 2016| publisher=Tech Crunch| access-date=January 23, 2017}}
8. ^1 2 {{cite web| url=https://thenextweb.com/apps/2016/04/26/trov-might-just-made-insurance-fun/| title=Trov may have just made insurance something you’ll enjoy| author=Martin Bryant| date=April 26, 2016| publisher=The Next Web| access-date=January 23, 2017}}
9. ^1 2 {{cite web| url=http://www.itweb.co.za/index.php?option=com_content&view=article&id=153077| title=App helps users get instant, tailored insurance| author=Michelle Avenant| date=May 30, 2016| publisher=IT Web| access-date=January 23, 2017}}
10. ^1 {{cite web| url=https://techcrunch.com/2016/04/03/the-insurance-tech-equation/| title=The insurance tech equation| author=Choon Yan| date=April 3, 2016| publisher=Tech Crunch| access-date=January 23, 2017}}
11. ^1 {{cite web| url=http://fortune.com/2016/04/26/term-sheet-tuesday-april-26/?iid=leftrail| title=Term Sheet -- Tuesday, April 26| author=Dan Primack| date=April 26, 2016| publisher=Fortune| access-date=January 23, 2017}}
12. ^1 {{cite web| url=http://www.smh.com.au/business/innovation/suncorp-buys-equity-in-tech-startup-trov-20160425-goevfz.html| title=Suncorp buys equity in tech start-up Trov| author=Ruth Liew| date=April 27, 2016| publisher=The Sydney Morning Herald| access-date=January 23, 2017}}
13. ^1 {{cite web| url=https://techcrunch.com/2016/04/16/the-new-world-insurance-agent/| title=The new-world insurance agent| author=Peter G. Colis| date=April 16, 2016| publisher=Tech Crunch| access-date=January 23, 2017}}
14. ^1 {{cite web| url=http://www.smh.com.au/business/consumer-affairs/ondemand-insurance-trov-launches-in-australia-targeting-generation-y-20160527-gp5u0g.html| title=On-demand insurance Trov launches in Australia targeting Generation Y| author=Ester Han| date=May 30, 2016| publisher=The Sydney Morning Herald| access-date=January 23, 2017}}
15. ^1 {{cite web| url=http://assets-origin.bizjournals.com/sanjose/blog/techflash/2016/04/insurance-platform-trov-raises-25-5m-to-cover.html| title=Insurance platform Trov raises $25.5M to cover losses for millennials| author=Gina Hall| date=April 26, 2016| publisher=Silicon Valley Business Journal| access-date=January 23, 2017}}
16. ^1 {{cite web| url=https://www.forbes.com/sites/michaelthrasher/2016/09/08/munich-re-partners-with-trov-to-bring-on-demand-insurance-to-the-u-s/#52ec14e73b8c| title=Munich Re Partners With Trov To Bring On-Demand Insurance To The U.S.| author=Michael Thrasher| date=September 8, 2016| publisher=Forbes| access-date=January 23, 2017}}
17. ^1 {{cite web| url=https://www.crunchbase.com/organization/trov#section-overview| title=Trov| author=Crunchbase | date=September 8, 2016| publisher=Crunchbase| access-date=October 21, 2018}}