Indio Technologies, a commercial insurance platform for brokers, today announced it has raised $6 million in Series A financing, led by 8VC, to expand the capabilities of Indio’s digital platform and increase market share. Additional investors in the round included 500 startups, Merus Capital and Compound.
Indio’s automation platform and related tools help move paper-driven processes online, streamlining workflows so insurance agents and brokers are freed from spending so much time on routine tasks. Insurance agents and brokers are able to focus their time and efforts on providing better client experiences and addressing the challenging aspects around their risk management.