Buckle

Buckle are an Atlanta-based full-stack insurtech startup building car insurance and financial services applications for the gig economy. Established in 2017, the company targets rideshare drivers with Cloud-based Underwriting services.

Across 2019 Buckle partnered with 100's of drivers in Atlanta, Georgia, to pilot its rideshare-only insurance.

In February 2020 Buckle introduced its rideshare-only insurance, providing rideshare and Transportation Network Company (TNC) drivers with personal and commercial coverage in one single policy. Using the driving record from rideshare drivers, Buckle provides comprehensive coverage whether a driver's rideshare app is on or off. Its product launched in partnership with Lyft, and is available to eligible drivers in Georgia. Other partners are expected to join in 2020.

Buckle acquired Gateway Insurance Company, a division of Atlas Holdings, in June 2020, gaining 47 state licenses.

Buckle announced it had raised $31m Series A funding in August 2020. At the same time, it was also reported that Buckle were looking to acquire American Country Insurance Company and American Service Insurance Company from parent Atlas Financial.

In October 2021 Buckle raised $60 million in Series B funding to increase scale and offer financial security. In addition, investor HSMC Bermuda has expanded the company's surplus loan from $10m to $20m to support the growth of Buckle's Gateway Insurance company, which it acquired last year.

In March 2022 Buckle announced it would partner with telematics specialist Cambridge Mobile Telematics to bring the DriveWell telematics platform to Buckle's gig economy drivers, helping the insurtech better assess risk. The Cambridge Mobile Telematics' DriveWell score provides a safe driving measurement and services, such as allowing members to view their trips and all through one app.