Agentsync Raises $50M In Funding To Drive Operational Efficiencies For Insurers And Distributors

Oct 26, 2023•almost 2 years ago

Amount Raised

$50 Million

Denver

Investors

Valor VenturesCraft Ventures

Description

AgentSync, the leader in modern insurance infrastructure, today announced an additional $50 million fundraise, bringing the company's total funding to date to $161 million. The round was co-led by existing investors Craft Ventures and Valor Ventures. Since raising the Series B in Q4 2022, AgentSync has seen 3x ARR growth and more than 2x customer growth. AgentSync works with more than 200 insurance companies spanning carriers, MGAs, and agencies, covering all lines of insurance.

Company Information

Company

AgentSync

Location

Denver, Colorado, United States

About

AgentSync powers rapid growth for insurance carriers, agencies, and MGAs by offering modern tools for producer management. With its customer-centric design, seamless APIs, and automation, AgentSync's products reduce friction, increase efficiency, and maintain compliance, ultimately helping to improve the broker onboarding, contracting, licensing, and compliance processes. Founded in 2018 by Niranjan "Niji" Sabharwal and Jenn Knight and headquartered in Denver, CO, AgentSync was named one of Forbes Magazine's Cloud 100 Rising Stars in 2020 and an Insurtech Insights Future 50 winner. SOURCE AgentSync

Related People

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