NYC based insuretech startup Boost Insurance has raised $3m in Series Seed funding led by Northwest Venture Partners. Boost is a B2B insurtech development platform built to solve three critical issues faced by entrepreneurs in the insurance industry .
Who were your investors and how much did you raise? This was a $3 million seed round led by Norwest Venture Partners with participation from IA Capital Group, Greycroft Partners, and re/insurance industry leaders State National Companies (NASDAQ: SNC) and Nephila. It was our first round of funding, but we have been incubated at IA Capital, where I previously worked as a VC, for the past year. Tell us about your product or service. Boost is a B2B insurtech development platform built to solve three critical issues faced by entrepreneurs in the insurance industry — (i) the glacial go-to-market pace for new products, (ii) the integration and data flow issues experienced between high-tech startups and low-tech insurance companies, and (iii) the cultural and often philosophical disconnect between incumbents and upstarts.