Vancouver-based Goose, which has developed a travel medical insurance app, has raised a $2.25 million seed round led by Impression Ventures.
Launched this month, Goose’s mobile app allows Canadian users travelling outside of Canada to purchase travel medical insurance within a minute for $4, and have access to the insurance for up to seven days after a vacation begins.
Goose said it will provide up to $10 million in travel medical insurance. The company’s app includes hospital locators, 911-equivalents, and agent chat options. The app also sends a reminder when it detects that the user is near an international airport or the US border.
“We’re excited to start seeing the positive effects that affordable and convenient travel insurance can have on Canadians.”
– Maor Amar
“We know that if travel insurance is more accessible and affordable, Canadians will opt in and avoid thousands of dollars in medical bills during a travel emergency,” said Dejan Mirkovic, founder and CEO of Goose Insurance Services and the co-founder and director of Square One Insurance Services. “Square One modernized home insurance solutions for Canadians, and now Goose is poised to do the same for travel insurance. Consumers deserve to have access, transparency, and convenience when it comes to their insurance.”
Goose plans to use the funding to accelerate the development of its technology, with the goal of delivering affordable travel medical insurance.
Goose currently serves British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, and the company is licensed and regulated by the Alberta Insurance Council, Financial Services Commission of Ontario, Insurance Council of British Columbia, Insurance Council of Manitoba, and the Insurance Council of Saskatchewan.
“Insurance is a space that is ripe for digital transformation and we’re thrilled to support the incredible team at Goose as they take off and modernize the insurance industry,” said Maor Amar, managing partner at Impression Ventures. “We’re excited to start seeing the positive effects that affordable and convenient travel insurance can have on Canadians.”
Photo via Goose