Fundz

Insurtech Startup Quotewell Comes Out Of Stealth, Raised Over $20M In Series A Funding Led By Nea

PRIVATEOct 24, 2023

Round Type

Series A

AustinRetailInsurance

Investors

New Enterprise AssociatesFloating PointGoldcrest

Description

QuoteWell, a tech-enabled commercial insurance wholesale brokerage that is at the forefront of innovating the distribution side of insurance, today announced the launch of its brokerage operations to serve independent retail agents. QuoteWell helps agents who are often overlooked and given poor customer service due to low premiums associated with their accounts and provides best-in-class in-house brokers to efficiently find and place the risk.

Who to call at QuoteWell, and when

A new round usually means QuoteWell is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

QuoteWell

Location

Austin, Texas, United States

About

QuoteWell is a tech-driven wholesale insurance brokerage, specializing in placing complex, small-to-mid-size commercial risks in the non-admitted insurance market. Founded in 2021, the company's mission is to make the process of placing complex risks faster and easier by combining advanced, AI-powered technology with human expertise.

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Fundz sees it the moment QuoteWell raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

QuoteWell raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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