Insurtech Startup Certificial Secures $5.8 Million In Series A Funding

Jun 08, 2021•about 4 years ago

Amount Raised

$5.8 Million

Round Type

series a

Jersey City

Description

Certificial, the real-time certificate of insurance (COI) issuance and compliance management platform, announced today that they have completed an oversubscribed $5.8 million round of Series A funding. Investors include IA Capital, a New York-based private investment firm specializing in Insurtech and Fintech as the lead investor, Nationwide, Cofounders Capital, Fin VC, and Cameron Ventures.

Company Information

Company

Certificial

Location

Jersey City, New Jersey, United States

About

Certificial is a real-time intelligent insurance verification and monitoring platform, designed to simplify the supplier management and certificate issuance processes by providing businesses with dynamic ACORD certificates of insurance. Real-time compliance alerts increase transparency of coverage information, can help curtail the risk of fraud, misinformation, inadequate coverage, and lapses or reductions in coverage, and can be used to trigger actions that eliminate uninsured activity, such as turning off building access to an un- or under-insured supplier. At Certificial, we’re changing the way companies verify and monitor the insurance of their suppliers, and in the process, we’re providing value to insureds, reducing agency and broker costs, and addressing the compliance needs of all stakeholders involved. Visit www.certificial.com for more information.