Ohio based commercial insuretech provider has raised $32m in Series B funding led by growth equity firms Hudson Structured Capital, Lightstone, Guggenheim Insurance, and Lockton.
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Bold Penguin raises $32 million to match insurance carriers with prospects
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Bold Penguin counts Berkshire Hathaway’s BiBerk, Motorists Insurance, State Auto Insurance, Markel, Nationwide, Coverwallet, Liberty Mutual, Progressive, BizInsure, Hiscox, CNA, SMB Insurance, Hills & Hamilton, Homesite, and Attune among its long list of clients, and it says its tech has helped over 950,000 small to midsize businesses get a commercial quote to date. In May, it worked with Progressive to build the insurer’s BusinessQuote Explorer, an online quoting solution for small business owners. And Bold Penguin just this month made its agent-facing Agent Terminal product — which lets agencies employ rules-based tools to write commercial insurance — broadly available in all 50 U.S. states
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