MetaMorphoSys, a Pune, India-based Insurtech startup, secured $3 million in its pre-Series A funding.
The round was led by Capital 2B, with participation from angel investors Pavitar Singh and Dhruv Dhanraj Behl.
MetaMorphoSys will use the fresh capital to develop and scale its platform, expand product offerings and grow the sales team across geographies. It will also invest in building legacy integrations.
Company: MetaMorphoSys Technologies Private Limited
Raised: $3.0M
Round: pre-Series A
Funding Month: Aug 2022
Lead Investors: Capital 2B
Additional Investors: Pavitar Singh and Dhruv Dhanraj Behl
Company Website: https://metamorphtech.com/
Software Category: B2B SaaS insurance platform
About the Company: Founded in 2016 by Amit Naik and Kewal Vargante, MetaMorphoSys is an InsurTech focused on developing innovative software products to address global insurance industry challenges. MetaMorphoSys is a cutting-edge B2B SaaS insurance platform that assists insurance companies in launching a variety of insurance products for travel, automobiles, property, life, and business. By leveraging its domain expertise, regulatory knowledge, and technology experience, MetaMorphoSys is designing innovative products and disrupting the insurance value chain from customer acquisition to engagement.
Source: https://inc42.com/buzz/insurtech-startup-metamorphosys-raises-funding-to-help-businesses-launch-insurance-products/