DigiSure
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
DigiSure was a Burlingame, California insurtech founded in 2018 offering a Protection-as-a-Service platform: risk screening, policy administration, insurance management and claims handling as embedded services. Its core innovation was custom risk and trust scores tailored for the sharing economy, letting marketplaces offer insurance in-house. Clients included RVshare, Envoy Technologies, GIG Car Share and Autonomy. The company raised $13.1 million from investors including Xplorer Capital, Morado Ventures, Valor Equity Partners, Clocktower Technology Ventures and Tech Pioneers Fund, and processed $50 million in premiums with 15,000 claims handled.
02 / DigiSure FAILURE REASONS
Failure factors supported by the current evidence
Insurtech Insights / FinTech Global (28 Feb 2024): COO/co-founder Paul Smith said Digisure (Burlingame mobility Protection-as-a-Service; GIG Car Share among clients) ceased operations because it could not secure additional capital despite revenue.
Smith said the firm was unable to secure new/additional capital despite a burgeoning revenue base.
03 / EVENT HISTORY
Events in the structured record
- Liquidation
FinTech Global (28 Feb 2024): Digisure officially ceased operations as of the prior Friday (23 Feb 2024), after failing to secure additional capital.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
In 2018, DigiSure was founded in Burlingame, California, building a Protection-as-a-Service platform: risk screening, policy administration, insurance management and claims handling with custom risk and trust scores for sharing-economy marketplaces. It raised $13.1 million and signed clients including RVshare, Envoy, GIG Car Share and Autonomy, processing $50 million in premiums and 15,000 claims.
- 02
In late February 2024, DigiSure ceased operations: despite a growing revenue base, it could not raise new capital. COO and co-founder Paul Smith announced the shutdown after the company failed to secure additional funding. No reliable loss figure was disclosed, so no loss amount is recorded.