Herald, a NYC-based digital infrastructure provider for commercial insurance, raised $12M in funding.
The round was led by Lightspeed Venture Partners and Brewer Lane Ventures with participation from Afore Capital and Underscore Venture Capital.
The company intends to use the funds to accelerate the development of a unified API that digitally connects insurance brokers with carriers, while enhancing the platform’s AI capabilities to streamline commercial insurance workflows.
Led by CEO Matt Antoszyk, Herald provides the API infrastructure for connecting brokers to a wide range of insurance carriers, enabling them to quote, bind, and issue insurance products efficiently across various verticals. Its platform is agnostic, making it adaptable to any front-end system. The solution enables brokerages to connect with 80+ insurance products from 35+ carrier partners along a number of lines of business, such as cyber insurance, management liability, professional liability, business owners policy (BOP), general liability (GL), and workers’ compensation. This diverse product offering allows carriers to reach brokers efficiently and expand their digital distribution channels.
FinSMEs
16/10/2024