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Arqu raised $10M in a Series A funding round backed by Intact and Lightspeed to enhance its tech-enabled wholesale operations.

Sep 22, 2024•10 months ago

Amount Raised

$10 Million

Round Type

series a

San FranciscoInsurance

Investors

LightspeedIntact

Description

Tech-enabled wholesaler Arqu has successfully raised $10 million in a Series A funding round. This round was led by investors Intact and Lightspeed, aimed at further developing Arqu's technology and services.

Company Information

Company

Arqu

Location

San Francisco, California, United States

About

Arqu is a tech-enabled wholesale insurance brokerage transforming how large-scale, complex commercial risks are transacted in the $100bn Excess & Surplus (E&S) market.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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