Our portfolio company Embroker just announced their Series A funding of $12.2 million, led by Canaan Partners. Embroker uses its own software, data and predictive analytics to help businesses buy all types of commercial insurance. We are a client!
Emroker uses its own software, data and predictive analytics to help businesses buy all types of commercial insurance. The system is for use by small business owners, risk managers and chief financial officers and allows users to upload their firms’ policies so they can analyze their coverage and benchmark it with their peers. Embroker then uses its data and predictive analytics to recommend coverage and optimize pricing. Embroker says it has partnered with 10 commercial lines carriers for placing business, including The Hartford and Travelers, and is licensed in all 50 states. The broker has 24 employees.