Kalepa Raises $14 Million in Series A

by Kay Aloha Villamor in September 6th, 2021

Kalepa, a New York-based insurance underwriting platform based out of New York, has raised $14 million in Series A funding.

The round was led by Inspired Capital, with previous investor IA Ventures participation. 

Also participating was Gokul Rajaram of Doordash, Coinbase, and formerly Google, Jackie Reses, formerly of Square, and Henry Ward of Carta.

Company: Kalepa Corporation

Raised: $14.0M

Round: Series A

Funding Month: September 2021

Lead Investors: Inspired Capital    

Additional Investors: IA Ventures, Gokul Rajaram of Doordash, Coinbase, and formerly of Google, Jackie Reses, formerly of Square, and Henry Ward of Carta

Company Websites: https://www.kalepa.com/

Software Category: Insurance underwriting platform

About the Company: Founded by Paul Monasterio and Daniel Hillman, Kalepa was launched in 2018 aimed at commercial insurance underwriters. Kalepa is the leader in delivering Efficient Frontier commercial insurance. Insurers find it hard to understand the accurate exposures of businesses and profitably provide them with policies that reflect that actual risk. SMBs struggle to find the coverage they need and are often left underinsured, uninsured or paying higher rates than needed. Its Copilot technology platform and Copilot-powered MGA combine Human and Artificial Intelligence to address this foundational issue head-on, bringing commercial insurance to the Efficient Frontier where businesses and insurers work with a single version of the truth and collaborate to mitigate risk. It’s the way insurance should work. Kalepa is backed by IA Ventures, Inspired Capital, and leaders in technology and financial services.

Source: https://nsbsnews.com/tech/nyc-based-insurance-underwriting-platform-kalepa-raises-14m-series-a-led-by-inspired-capital/

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