Read the article here: https://iireporter.com/quotewell-raises-12-million-to-expand-ai-driven-insurance-brokerage/
Our Take
QuoteWell, an Austin-based wholesale insurance brokerage, has secured $12 million in funding, bringing its total capital to $32 million. The new financing, led by New Enterprise Associates, aims to enhance its producer network and further develop its AI-powered automation platform. The company targets expansion primarily in the Southeast and West Coast markets.
In a sector that often struggles with complex commercial risks, QuoteWell’s platform seeks to streamline the placement of challenging insurance needs across industries like construction and energy. By combining automation with human expertise, the company aims to provide agency owners with tools that not only simplify their processes but also help grow their businesses. Investors see QuoteWell as a leading innovator in the insurance tech landscape, highlighting its potential to disrupt traditional brokerage models.
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