Insurtech startup expands rapidly in US and clinches US$3m investment

Austrade

Melbourne-based startup, handdii, is an insurance-technology (insurtech) phenomenon. In just three years, handdii’s online marketplace for small claims has transformed how people manage insurance policy repairs.

To help the company accelerate into the US market, Austrade provided one-on-one support, including:

  • Advising handdii on their go-to-market strategies for the US
  • Guiding the founders through a US capital raise and introducing them to venture capital (VC) funds
  • Mentoring the founders as they scaled their operations in Texas and California.

Co-founder and CEO, Christie Downs, says that audacious growth plans have paid off. In June 2021 the company gained US$3 million in venture capital to fund expansion across the US.

‘We had a genuinely unique selling proposition and we wanted to take it global – fast,’ says Christie. ‘The one-on-one support we got from Austrade was absolutely outstanding.’

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