Sayata Labs, a Boston, Mass.-based developed a marketplace that is fully automated and done online to provide several insurance quotes from leading insurance providers based on a few pieces of information about the business inputted by the broker, raised an additional $35 million in Series A after raising $17 million in funds last August.
Pitango Growth and Hanaco Ventures co-led the extension, with participation from previous investors Team8 Capital, Vertex Ventures, Elron Ventures, and OurCrowd.
The additional capital will enable the company to add to its headcount of 47, up from 17 at the same time last year.
Company: Sayata Insurance Services Inc.
Round: Series A
Funding Month: January 2022
Lead Investors: Pitango Growth and Hanaco Ventures
Additional Investors: Team8 Capital, Vertex Ventures, Elron Ventures, and OurCrowd
Company Website: https://www.sayata.com/
Software Category: risk assessment solution
About the Company: Founded in 2017 by Lifshitz, Avishay Maya, and Iddan Golomb, Sayata is the easiest and most effective way to place commercial risk, the Sayata platform removes the burden of the quote-bind-issue process allowing insurance professionals to seamlessly place more insurance policies in a fraction of the time. Sayata provides an end-to-end technological solution along with educational tools, giving our partners the ability to grow their books quickly and efficiently. To date, over 1,000 users across 75+ brokerages and carriers partner with Sayata to grow their SMB book. To date, Sayata has more than 1,000 users representing over 100 brokerage and carrier partners. It works with insurance providers, including Axis, Brit, Hiscox, and Tokio Marine, as well as leading technological managing general agents at At-Bay, Coalition, Cowbell, and Corvus.