Boost Insurance Secures $3 Million
Insuretech startup Boost Insurance announced the completion of $3 million in financing led by Norwest Venture Partners. IA Capital Group, Greycroft Partners, State National Companies and Nephila Capital also participated in the funding.
Boost is a B2B insurtech development platform built to solve three critical issues faced by entrepreneurs in the insurance industry : the glacial go-to-market pace for new products, the integration and data flow issues experienced between high-tech startups and low-tech insurance companies, and the cultural and often philosophical disconnect between incumbents and upstarts.
The company’s turnkey InsurTech platform features a variety of solutions, including policy drafting, ongoing compliance, data analytics services, underwriting resources, and insurance capital.
