TrustLayer, a collaborative risk management platform, announced it has closed a Series A funding round of $15.1 million. Craft Ventures led the round with participation from returning investors Abstract Ventures, Box Group, Propel Venture Partners, NFP Ventures, Sure Ventures, and new investors PruVen Capital and Nine Four Ventures. 

The company plans to put the proceeds toward hiring across sales, marketing, and engineering teams and the development, of its live digital proof of coverage solution and integrations with insurance carrier systems of record.

Company: TrustLayer, Inc.

Raised: $15.1M

Round: Series A

Funding Month: August 2021

Lead Investors: Craft Ventures

Additional Investors: Abstract Ventures, Box Group, Propel Venture Partners, NFP Ventures, Sure Ventures, PruVen Capital, and Nine Four Ventures

Company Website: https://trustlayer.io/

Software Category: AI-powered platform 

About the Company: TrustLayer, is an AI-powered collaborative risk management platform working to digitize the highly manual, error-prone, and paper-based, the process of insurance verification. With TrustLayer, companies can securely automate the verification of insurance, licenses, and compliance documents of their business partners in an easy-to-use digital dashboard. TrustLayer is working with dozens of the largest brokers and carriers in the U.S. to build out a fully digital proof of insurance solution so companies will be able to validate in real-time that their business partners have the correct coverage.

Source: https://trustlayer.io/trustlayer-raises-15m-to-build-the-future-of-insurance-verification/