Your Source for Venture Capital and Private Equity Financings

Venture Capital News: QuoteWell Emerges With $15M Series A Round

AUSTIN, TX, QuoteWell today emerges with a $15 million Series A funding round.
QuoteWell, a tech-enabled commercial insurance wholesale brokerage that is at the forefront of innovating the distribution side of insurance, today announced the launch of its brokerage operations to serve independent retail agents. QuoteWell helps agents who are often overlooked and given poor customer service due to low premiums associated with their accounts and provides best-in-class in-house brokers to efficiently find and place the risk.

In the lead-up to today's public launch, QuoteWell, founded in 2021, has secured over $15 million in Series A funding led by New Enterprise Associates, Inc. (NEA). Goldcrest and Floating Point also participated in the round. The new capital will be used towards expanding the company's brokerage team and enhancing the infrastructure that underpins automation and operational efficiencies.

QuoteWell is a tech-enabled commercial insurance wholesale brokerage. The company utilizes AI-backed technology in its submission and marketing processes, empowering best-in-class in-house brokers to efficiently find and place the risk while delivering a responsive and transparent experience for retail agents. QuoteWell has been featured on Fintech Global's InsurTech 100 List in 2023.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors