Cake, an Indianapolis, IN-based transactional marketplace designed for independent insurance agents, raised $1.3M in Pre-Seed funding.
The round was led by Markd. Additional investors included 2ndF, Iridium Bloom LLC, 101 Weston Labs, IIANC, and other industry-specific strategic partners.
The company intends to use the funds to further improve its platform, ramp up customer acquisition, and broaden essential services, such as in-platform lending and legal support.
Led by CEO Adam Bowe, Cake is a transactional marketplace for independent insurance agents to get access to instant valuations of their asset with their machine learning empowered Book Valuation tool.
FinSMEs
15/02/2024