Mubadala leads Series B funding for home and auto insurance platform

February 2, 2020 (Dubai)

Wamda has reported that the US-based digital broker Gabi has raised $27 million in Series B funding led by Abu Dhabi’s Mubadala.  Gabi’s investor base includes the likes of Canvas Ventures, Northwestern Mutual Future Ventures, Correlation Ventures, Securian Ventures, A.Capital Ventures, and Project A, who also participated in the round.

The article went on the state that the Gobi team will use the funding to accelerate its charter to become the primary destination to purchase and manage home and auto insurance.

Read the original article on Wamda:  Mubadala Capital invests in US-based Gabi