AgentSync, a Denver, CO-based company that provides modern insurance infrastructure, has raised an additional $50 million in funding, bringing its total raised to $161 million in funding to date.
SaaS Investors
The round was co-led by existing investors Craft Ventures and Valor Ventures. AgentSync's platform connects insurance distributors and underwriters, streamlining the delivery of insurance products.
Founded in 2017, Craft Ventures is a venture capital firm that specializes in early-stage and growth-stage investments in technology startups. Based in San Francisco, California, the firm seeks to invest in business products, business services, consumer products, consumer services, information technology, e-commerce, SaaS, TMT, cryptocurrency, and blockchain sectors.
Founded in 2015, Valor Ventures is a venture capital firm that leads seed rounds in software platforms. Based in Atlanta, Georgia, the firm seeks to invest in seed-stage companies operating in the B2B SaaS sector.
AgentSync Use of Funds
The company will use the new funding to continue to develop its infrastructure and expand its customer base, particularly among large insurance carriers.
About AgentSync
AgentSync builds a modern insurance infrastructure that connects carriers, agencies, MGAs, and producers. With customer-centric design, seamless APIs, automation, and unparalleled service, AgentSync's solutions provide data intelligence and streamlined onboarding and compliance management processes that reduce costs, increase efficiency, and get producers ready to sell in hours instead of weeks. Founded in 2018 by Niranjan "Niji" Sabharwal and Jenn Knight, and headquartered in Denver, CO.
AgentSync has been recognized as one of Denver's Best Places to Work, a Forbes Magazine Cloud 100 Rising Star, and an Insurtech Insights Future 50 winner, and was ranked 65 in Forbes – America's Best Startup Employers 2023.
Funding Details:
Company: AgentSync, Inc.
Raised: $50.0M
Round: Series B Extension
Funding Month: October 2023
Lead Investors: Craft Ventures and Valor Ventures
Additional Investors:
Company Website: https://agentsync.io/
Software Category: Insurance Compliance Software
Source: https://www.prnewswire.com/news-releases/agentsync-raises-50m-in-funding-to-drive-operational-efficiencies-for-insurers-and-distributors-301968341.html