Amount Raised
$1.3 Million
Round Type
seed
Investors
Iianc101 Weston LabsIridium Bloom Llc2nd FMarkd
Description
Cake, a transactional marketplace designed for independent insurance agents, has announced the completion of a $1.3M pre-seed funding round led by venture capital company Markd, aiming to reshape Insurance M&A, democratize it, and widen its reach to agents across various levels.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers