AgentSync, the company building technology to power growth across the insurance industry, has raised $75m in Series B funding at a $1.2bn valuation.
Led by Valor Equity Partners with participation from Craft Ventures, Tiger Global, Atreides Management, Anthemis, and existing investors, the funding brings the total raised to date to $111.1m. The InsurTech prides itself of being the only unicorn building infrastructure specifically designed to make the $1.3trn US industry run more efficiently.
With this funding, AgentSync said it will continue to invest in product development, adding enhanced capabilities to its producer management platform and expanding its suite of solutions for agencies, MGAs, carriers, and the more than 1.2 million Americans working in insurance distribution.
The US-based InsurTech raised $25m in Series A funding in the first quarter of this year, co-led by Lead Gil and David Sacks’ Craft Ventures.
Founded in 2018, AgentSync strives to power rapid growth for insurance carriers, agencies, and MGAs by offering modern tools for producer management. With its customer-centric design, APIs, and automation, AgentSync’s products reduce friction, increase efficiency, and maintain compliance, ultimately helping to improve the broker onboarding, contracting, licensing, and compliance processes.
Niji Sabharwal, co-founder and CEO of AgentSync, said, “This is an exciting milestone for AgentSync, but in many ways is just the beginning. With more modern, tech-powered infrastructure powering the back-office, the entire insurance industry will run more efficiently. Our hope is that InsurTech infrastructure companies like AgentSync will fuel the next wave of innovation across every facet of the insurance industry.”
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