Business

Consumer United raises $52.5m

Consumer United Inc., an online insurance agency started six years ago, has raised $52.5 million in financing to continue its expansion across the country.

The Boston company raised $22.5 million in venture capital in a round led by Boston venture capital firm Spark Capital and New York investment company Thayer Street Partners.

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It raised another $30 million in other available credit from Thayer Street.

Consumer United has 250 workers and said it plans to hire “significantly” more in the next year.

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As part of the financing, Thayer Street founder Josh Koplewicz and Spark general partner Mo Koyfman will join Consumer United’s Board.

Todd Wallack

Todd Wallack can be reached at twallack@globe.com. Follow him on Twitter @twallack.
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