AgentSync Raises $50M in Funding to Drive Operational Efficiencies For Insurers and Distributors

AgentSync doubles down on constructing essentially the most trendy and linked producer administration and compliance options to supply flexibility in distribution channels for carriers, businesses, and MGAs

DENVER, CO, October 26, 2023 — AgentSync, the chief in trendy insurance coverage infrastructure, as we speak introduced a further $50 million fundraise, bringing the corporate’s whole funding to this point to $161 million. The spherical was co-led by present traders Craft Ventures and Valor Ventures. Since elevating the Collection B in This autumn 2022, AgentSync has seen 3x ARR progress and greater than 2x buyer progress. AgentSync works with greater than 200 insurance coverage firms spanning carriers, MGAs, and businesses, overlaying all strains of insurance coverage.

AgentSync has at all times stood out from rivals because of its versatile cloud-native options, means to resolve complicated, entrenched points, and powerful buyer success. This spherical of capital permits AgentSync to double down delivering best-in-class merchandise for the nation’s largest and most revered carriers.

“AgentSync has grow to be core infrastructure for tons of of insurance coverage firms, serving to them scale distribution and cut back prices,” mentioned Brian Murray, Associate at Craft Ventures. “We’re excited to deepen our partnership with the AgentSync group as they proceed to improve the resilience and effectivity of the insurance coverage business.”

AgentSync’s infrastructure solves an important downside within the insurance coverage business: efficient and environment friendly distribution. By establishing versatile, scalable connections between insurance coverage distributors and underwriters, AgentSync powers and streamlines the supply of insurance coverage merchandise. The corporate continues to aggressively construct and innovate with a give attention to SaaS and API options that create information visibility and efficiencies for insurers, and distinctive experiences for brokers and brokers.

“Given the present headwinds sectors of the insurance coverage business are going through, investing in trendy, scalable infrastructure to handle distribution has by no means been extra essential. With AgentSync, clients have the pliability to shortly and intelligently ramp distribution channels up or down as wanted. This drives large distribution channel-related value financial savings when effectively executed via software program,” mentioned co-founder and CEO Niji Sabharwal. “Serving to our clients adapt shortly and handle threat and bills throughout powerful market circumstances is extraordinarily rewarding – particularly figuring out that they’re constructing bulletproof distribution infrastructure for when the markets enhance.”

“AgentSync solves a essential, ubiquitous and lengthy uncared for downside within the insurance coverage Business. This infusion of capital ensures they’ve the platform and help wanted to maneuver up market to bigger and extra complicated provider necessities and proceed to cost forward fixing the extraordinarily complicated issues plaguing the insurance coverage business as we speak,” mentioned Mike Rosenbaum, AgentSync board member and CEO of main insurance coverage software program, Guidewire.

About AgentSync

AgentSync builds trendy insurance coverage infrastructure that connects carriers, businesses, MGAs, and producers. With customer-centric design, seamless APIs, automation, and unparalleled service, AgentSync’s options present information intelligence and streamlined onboarding and compliance administration processes that cut back prices, improve effectivity, and get producers able to promote in hours as an alternative of weeks. Based in 2018 by Niranjan “Niji” Sabharwal and Jenn Knight, and headquartered in Denver, CO, AgentSync has been acknowledged as one among Denver’s Greatest Locations to Work, a Forbes Journal Cloud 100 Rising Star, and as an Insurtech Insights Future 50 winner, and was ranked 65 in Forbes – America’s Greatest Startup Employers 2023. To study extra, go to www.agentsync.io.

Subjects
Mergers & Acquisitions
Carriers
Agencies
Funding