Digital insurance network Agentero has announced that it has raised $13.5 million in a Series A funding round led by Alma Mundi Ventures. Existing institutional investors, including Foundation Capital, Union Square Ventures, Financial Venture Studio, and Two Culture Capital, also participated in the round.
Agentero, founded in 2017, combines insurance agents’ existing data with third-party information sources to identify new business and cross-selling opportunities. Agentero then connects agents with carriers to instantly quote and to provide communication and automation tools to help them efficiently write more new business.
“Agents are the present and future of insurance distribution, and they must become more digital,” said Luis Pino, CEO of Agentero. “Our technology strengthens their ability to use data analytics to write new policies with an end-to-end digital experience for their customers. Independent agencies want access to modern carriers, and there’s no better digital solution than Agentero to take advantage of today’s best insurance products and technology.”