Farmers Insurance Group Makes an Equity Investment in Jetty
Back in June 2020, we announced that Toggle Insurance Company, a Farmers Insurance Company, was becoming the exclusive reinsurance provider for all new Jetty Deposit and Jetty Renters Insurance policies.
Now, we’re excited to announce an equity investment from Farmers Insurance. Keep reading to learn more!
A vote of confidence in our business
This investment, which sees Farmers take a minority stake in Jetty, will be used to further enhance Jetty’s existing products. It will also support the development of new fintech solutions—which you’ll hear more about in the near future.
“We were initially drawn to Jetty by the strength of their brand and their innovative approach to fintech in the real estate vertical, and these initial perceptions have been borne out in the six months that we've worked together. Jetty has big and exciting plans for the future, and the investment will help the company reach its goals more quickly.”
Stephanie Lloyd, Head of New Ventures for Farmers and President of Toggle
We also see it as a sign that Farmers and Jetty are aligned on our goals and vision.
“This new equity investment is a real vote of confidence in both our existing business and our vision for the future,” said Mike Rudoy, Co-Founder and CEO of Jetty. “We’ve had a very positive and collaborative relationship with the Farmers and Toggle teams since we announced our reinsurance deal, and this equity investment will further deepen our relationship.”
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