The Omidyar Network led the Series A funding for Bunker, which offers insurance products for leases, service agreements, loan obligations and other small-business issues.
The platform aims to make it easier for small businesses to protect themselves from legal and business risks as work becomes more contract-based.
Bunker also makes it easier for larger companies to hire independent contractors and small businesses as vendors.
“With the continued rise of the gig economy and the sheer speed of business relationships, we need more flexible insurance products delivered in the simplest and quickest way,” says Omidyar’s Rob Veres.
