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Federato Raises $25M In Series B Funding To Continue Catalyzing Insurance's "Ai Moment"

Jun 27, 2023•about 2 years ago

Amount Raised

$25 Million

Round Type

series b

San FranciscoMachine LearningArtificial Intelligence

Investors

Pear VcEmergence CapitalCaffeinated Capital

Description

Federato, the insurance industry's first RiskOps underwriting platform, today announced that it has raised $25M in Series B funding, led by Caffeinated Capital, with participation from Emergence Capital and Pear VC. This round comes less than a year after the company announced its Series A.

Company Information

Company

Federato

Location

San Francisco, California, United States

About

Federato's RiskOps underwriting platform for insurance carriers, MGAs and MGUs provides real-time risk selection and portfolio insights to empower underwriters to balance their book of business and make better underwriting decisions.

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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