$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley March 12, 2021
Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines and cyber insurance products as well as advances in texting communications, producer management and licensing compliance, and digital risk management for financial institutions.
Here’s a wrap-up of some recent major funding commitments as reported by Carrier Management.
Major Haul
Corvus Insurance is prepping a major expansion and surge in its commercial lines and cyber product development now that it has secured $100 million in new venture capital financing.
Insurtech AgentSync reaches $220m valuation with new funding round
09-03-2021
05-11-2019
AgentSync, the insurtech dedicated to modernizing the tools and infrastructure around the insurance industry, has secured a $25 million Series A round of funding.
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AgentSync Raises $25M to Accelerate Growth of Comprehensive Producer Management Platform for Insurance Industry
March 8, 2021 GMT
AgentSync automates licensing and compliance for the insurance industry. (PRNewsfoto/AgentSync)
DENVER, March 8, 2021 /PRNewswire/ AgentSync, the company modernizing the tools and infrastructure powering the insurance industry, today announced a $25 million Series A. AgentSync will use the funds to accelerate product development as the company builds the industry’s most trusted and comprehensive producer management solution. The round was co-led by Elad Gil and David Sacks’ Craft Ventures, with participation from Marc Benioff, Caffeinated Capital, Operator Collective, and Nine Four Ventures. This brings the company’s valuation to $220 million, ten times higher than when the company raised its seed funding in mid-2020.