Better Agency pulls in $8m for insurance agents

Better Agency, an agency success platform for insurance agents, has raised $8m in a Series A round.

The round was led by Teamworthy Ventures, with additional participation from ManchesterStory Group. The capital brings Better Agency’s total funding to over $10m.

Better Agency describes itself as an agency success platform that uses automation to help insurance agents sell more policies, retain more customers at renewal and handle the service and claims processes inside an agency.

Better Agency said the new capital will allow it to develop a new industry category, while tripling down on its growth, and expanding its platform capabilities to meet its vision as the first agency success platform for insurance agents.

Will Shaw, Better Agency CEO, said, “We believe in the independent insurance agency model. No one will invest more time, capital, or resources into independent agents and agency success than us.

“Agencies can’t grow on scattered tech stacks or legacy platforms, especially in a hybrid or remote world. Our dream of a single, unified platform allows independent agents to quote, bind, and issue insurance at scale. Allowing them to better communicate with their clients, and spend more time building relationships, not managing administrative tasks.”

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