Rory McIlroy Invests in American Home Insurance Company Along With eBay Founder

Published 06/04/2021, 10:30 AM EDT

Rory McIlroy is making major progress in life both on and off the golf course. As for his profession, McIlroy bounced back to form by winning the Wells Fargo Championship recently. About the business side, the Northern Irishman recently made a huge investment in an American home insurance company.

McIlroy has earned millions through his success on the PGA Tour and the European Tour. In fact, his net worth is calculated to have surpassed $150 million, and the golfer is further expanding it by making major investments.

As for his latest interest, Rory McIlroy has invested in a US insurtech firm called ‘Kin,’ which focuses on providing home insurance policies in regions most affected by climate change and natural disasters. A step in the right direction indeed.

Article continues below this ad

“We are thrilled to secure Rory [McIlroy] as our latest investor, as Kin now joins the ranks of his high-profile partnerships and investments in truly innovative technology companies,” Kin CEO and co-founder Sean Harper mentioned in a statement.

Rory McIlroy is investing in Kin to help people affected by climate change

We should all be aware of climate change and the problems that it brings. In addition to it, a lot of people lose their homes and prized possessions due to natural calamities, some of which are often unforeseen.

Kin is an insurance company that specializes in this area. They are committed to helping people restore their homes by offering affordable home insurance plans. As of now, the company majorly operates in Florida and Louisiana – the regions most affected by the aforementioned factors.

Article continues below this ad

Rory McIlroy made the investment through ‘Symphony Ventures,’ an investment firm established by him and his team.

“Our focus in Symphony Ventures is to partner with technology companies that have a digital-first approach and who are truly innovating our day-to-day lives. As a Florida resident who has toured the world on the PGA Tour, I’ve seen the devastation that severe weather and climate change can have on communities. This is why I am delighted to invest in Kin to help expand their offerings to new geographies, providing simpler solutions direct to the consumer,” McIlroy said about his recent investment.

Article continues below this ad

Kin has attracted a lot of investors besides Rory McIlroy; one of them is Flourish Ventures, led by Pierre Omidyar, the founder of eBay. The key to their portfolio is that they offer easy and affordable home insurance schemes, especially to those affected by climate change. So far, Kin has raised $69.2 million through Series C funding.

Jordan Spieth Under Armour Shoes: Here’s What the Golfer Wears on the Course

SHARE THIS ARTICLE :

Written by:

Arjun Athreya is a senior writer at Essentially Sports and has been contributing since early 2020. Having developed an avid interest in sports at an early age, he pursued a Journalism degree and graduated from Madras Christian College. Arjun manages the Golf division and its content, and primarily covers news pertaining to the NBA as well.

Rory McIlroy Invests in American Home Insurance Company Along With eBay Founder

Rory McIlroy is investing in Kin to help people affected by climate change

Trending

Is Scottie Scheffler Taking a Paternity Leave to Support Wife Meredith and Their Baby?

Is There a Cut at the 2024 Zurich Classic of New Orleans? Format of PGA Tour’s Two-Man Team Event Explored

Meet Tommy Fleetwood’s Stepson, Oscar Craig: His Amateur Career and Life With Golf Explored

Selfless Act for Charl Schwartzel’s Cancer-Battling Wife From Stinger GC Members Leaves Fans Emotional: ‘Touched Me Beyond Words’

‘Looks Like Diarrhoea’; Fans Panicked at Nelly Korda’s Bizarre Celebration After Historic 5-Peat