QuoteWell secures an additional $12 million in funding, led by New Enterprise Associates, to expand its producer footprint and enhance its AI-driven technology.
Amount Raised
$12 Million
Round Type
Funding Round
AustinRetailInsuranceInvestors
Description
QuoteWell, a tech-driven wholesale insurance brokerage, has announced an additional $12 million in financing, raising its total capital to $32 million. The funding will be used to expand its producer footprint and deepen investment in its proprietary platform. Investors include New Enterprise Associates, Brand Foundry Ventures, and ClockTower Ventures, along with existing investors Goldcrest Capital and Floating Point. The company aims to leverage this funding to accelerate growth in key markets, focusing on AI-driven automation.
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