Huge congrats to FTC I portfolio company Embroker on their $28m Series-B raise from smart money, Seattle-based investor, Tola Capital. The round includes participation from Canaan Partners, Bee Partners, Manulife Capital Ventures, Nyca Partners, and XL Innovate.
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Embroker Raises $28m Series-B from Tola Capital
Embroker offers commercial insurance coverage which can be underwritten in less than 10 minutes while also generating 20% savings over competitive products, in an $800b industry that Veghte aptly describes as having been largely static for the last 30 years. Embroker acts as a digital managing general agent (MGA), matching organizations of 10-1000 employees with D&O and EPL coverage from over 50 carriers while laying off 100% the risk to global reinsurer MunichRe.
