Embroker raises $12.2M Series A

What does Embroker do?

Embroker, is the business insurance company. It is a technology driven insurance company, it is the way a business insurance should be. The company is radically improving how businesses buy and manage their coverage. The company delivers better outcomes by leveraging free online technology platform, data and experienced commercial brokers’ expertise. It is a cloud based risk and insurance management company which uses its own data, software and predictive analytics for helping businesses buy all kinds of commercial insurance.

How much Embroker was funded?

The company raised $12.2M in Series A on May 17, 2016 from Nyca Partners, Vertical Venture Partners, 500 Startups, Bee Partners, FinTech Collective, Canaan Partners and XL Innovate.

Previous funding

$2.2M on August 5, 2015 from FinTech Collective, Vertical Venture Partners, Bee Partners and 500 Startups

What is next for Embroker?

The company has raised a total of $14.4 M to date. The new funding provides the company the momentum to transform one of the oldest and largest industry- insurance, with the funding. The company has assembled a team of licensed pros and partnered with over 10 leading commercial insurance providers including The Travelers and Hartford.

More about Embroker

The company was founded in 2015 by George Djordje Vranjesevic, Yotam Shacham and Matt Miller. It has its headquarters in San Francisco, California. The company was founded with the main aim of delivering tech driven brokerage experience for small and mediumsized businesses. The company has a team of 24 employees has a team of impressive leadership with more than sixty years of combined insurance industry experience and key roles at firms such as Google, Bain Capital, Bank of America and Charles Schwab. This company has been named BY Let’s Talk Payments as one of the twenty four companies that shaped InsuranceTech worldwide and Goldman Sachs named it one of the innovators shaping finance’s future.