House of Insurtech said to raise $400,000 in seed funding

June 25, 2021

House of Insurtech, which has built a quote and buy and policy administration system, has reportedly raised $400,000 in its seed funding.

The round was lead by SFC Capital, with commitments also coming from angel backers, according to a report from bdaily.

With the funds, the InsurTech company plans to hire more staff for its sales and marketing team, and onboard more customers to its platform.

House of Insurtech provides insurers, brokers and MGAs with an administration system that supports their digital transformation. Its platform features a flexible web app with a rating and underwriting API to accelerate processes.

Clients can use the platform to support their quote, purchase, policy documents, renewals, MTAs and claims.

SFC Capital investment executive Edward Stevenson told bdaily,“We are pleased to have led House of Insurtech’s latest funding round.

“The team has built a fantastic platform aimed at a significant and sizable market that is in need of innovative and disruptive solutions. We are excited about what the future holds for the company.”