Agentero, an Oakland, Calif.-based digital insurance network, raised $13.5m in Series A funding.
The round was led by Alma Mundi Ventures with participation from existing institutional investors Foundation Capital, Union Square Ventures, Financial Venture Studio, and Two Culture Capital.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2017 and led by Luis Pino, CEO, Agentero leverages smart algorithms to combine agents’ existing data with third-party information sources to identify new business and cross-sell opportunities. It then connects agents with carriers in real-time to instantly quote, and to provide communication and automation tools so they can efficiently write more new business. Agentero also provides opportunities for carriers looking to integrate into a tech-enabled agent channel.
Today, the company works with more than 800 independent agencies. Through its panel of insurance carriers, it provides access to homeowners, auto, renters, umbrella, business owners policies (BOP), general and professional liability, workers’ compensation, flood, and life insurance.
FinSMEs
27/07/2021