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Advocate Technologies has secured $18M in seed funding led by Vestigo Ventures, Brewer Lane, and MetaProp for expansion and development efforts.

PRIVATEAug 05, 20263 days ago

Amount Raised

$18 Million

Round Type

Seed

New YorkOther

Investors

Meta PropBrewer LaneVestigo Ventures

Description

Advocate Technologies, a NYC-based provider of a commercial insurance benchmarking platform, raised $18M in seed funding. The company intends to use these funds to expand operations and enhance its development efforts following its official launch. Backers included Vestigo Ventures, Brewer Lane, MetaProp, and select family offices. Advocate's platform aims to assist buyers of commercial insurance by providing benchmarking against market prices and coverage standards.

Company Information

Company

Advocate Technologies Inc.

Location

138 WOOSTER STREET

New York, New York, United States

About

Advocate is your IT advisor and managed services provider that leverages Technology Business Management to deliver cost savings for reinvestment.

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Verified contactsWalter, Sr. Director of Managed Services
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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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