QuoteWell, an Austin, TX-based tech-enabled commercial insurance wholesale brokerage, raised over $15M in Series A funding.
The round was led by NEA with participation from Goldcrest and Floating Point.
The company intends to use the funds to expand its team and enhance the infrastructure for automation and operational efficiencies.
Led by Joey Bouchard, CEO and Founder, QuoteWell is a tech-enabled commercial insurance wholesale brokerage, which utilizes AI-backed technology in its submission and marketing processes, empowering in-house brokers to efficiently find and place the risk while delivering a responsive and transparent experience for retail agents.
To date, the company has hired 12 licensed brokers to support submission flow and uses AI-backed models to assist in coverage recommendations from its panel of over 45 carrier partners.
FinSMEs
24/10/2023