Talage secures $9m to deliver P&C quotes

Talage, a provider of digital distribution software solutions for commercial insurance, has raised $9m in its latest funding round.

The round was led by Merus Capital, with participation by Calibrate Ventures, Hallador Financial, Advantage Capital, and Reno Seed Fund.

Founded in 2015, Talage is a digital distribution platform for the property & casualty (P&C) insurance industry that automates manual processes such as applications or submissions. The company said the solution allows agencies, wholesale brokers, and other carrier partners with the digital tools the support automation and growth

Talage said the financing will broaden its reach, increase brand awareness and help it become the go-to partner for carriers, agents, and wholesalers that adopt its tools in the commercial insurance industry.

As the small business insurance ecosystem has rushed to adopt innovations that enable carriers, agents, and wholesalers to generate more business with greater efficiency, Talage said it has seen a spike in demand for its technology.

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