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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.
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.
https://www.fintech.io/articles/embroker-raises-28m-series-b-from-tola-capital
