• FOUNDING YEAR: 2015
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Provide insurance plans on online platform
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Rinse Inc, Armour Vert, Good Food Guys, CEO Exactuals, etc
PRIMARY PROBLEM SOLVED:
Embroker brings transparency to customer policies, allowing brokers to better serve both their customers and underwriters; allowing business owners and CFOs, to store, access and request changes to all their policies in one place.
COMMENT
With its software being 100% free to its user, the price point is the main value proposition for the company. The company provide its users with real-time access and online reporting of its claims to help them understand their losses and to minimize them accordingly.

PEOPLE

FOUNDERS:
Jacob Rosenberg, Sasha Orloff
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
500 Startups, Bee Partners, FinTech Collective, Vertical Venture Partners, Jon Erik Borgen, Mike Hurst, Ben Savage, Josh Diamond, Canaan Partners, FinTech Collective, Nyca Partners.

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$14.4 Millions
DATE OF LAST FUNDING:
May 2016
SEED & PRIOR FUNDING:
$2.2 Millions
SEED CLOSED ON:
Aug 2015
FUNDING SERIES:
SERIES A
$12.2 Millions Closed: May 2016
LISTED:
NO

LATEST RESEARCH