Irys Insurtech, Inc. The Revolutionary Insurtech Challenger, Closes $3.5 Million Seed Round To Take On Legacy Competitors
Aug 24, 2023•over 2 years ago
Amount Raised
$3.5 Million
Round Type
seed
Investors
Mtech CapitalCofounders CapitalRevtech LabsBrokertech VenturesMarkd
Description
Irys Insurtech, Inc., a pioneering insurtech startup, has closed a seed funding round of $3.5 million, marking its entrance into the market dominated by stagnant legacy agency management systems. The funding round was led by Markd, known for its keen interest in groundbreaking insurtech innovations. This investment heralds a new era where traditional insurance distribution processes are challenged and redefined.
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