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Planck, the insurance data analytics platform, raises $20M growth round
Planck co-founders (from left to right): David Schapiro, CEO Elad Tsur and CTO Amir Cohen. Image Credits: Planck
Planck, the AI-based data platform for commercial insurance underwriting, announced today it has raised a $20 million growth round. The funding came from 3L Capital and Greenfield Partners, along with returning investors Team8, Viola Fintech, Arbor Ventures and Eight Roads.
This brings the New York-based startup’s total raised to $48 million, including a $16 million Series B it announced in June 2020. Planck said it currently works with “dozens of commercial insurance companies in the U.S.,” including more than half of the top-30 insurers. It will use its new funding to build its U.S. team, expand into global markets and add products for new business segments. Ernie Feirer has also joined Planck as its head of U.S. business. He previously held leadership roles at LexisNexis Risk Solutions, bui
Planckâs new funding round raises an additional $20m
12-05-2021
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02-07-2019
Planck, an AI-based data platform for commercial insurance, has raised an additional round of $20 million, by new investors 3L Capital and Greenfield Partners and Planck’s existing investors which include Team8, Viola Fintech, Arbor Ventures and Eight Roads.
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