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Insurance Tech Startup Raises $2 Million

Insurance Tech Startup Raises $2 Million
Credit: mytoweriq.com

TowerIQ, a market neutral communication platform for the insurance industry, secured $2 million in a seed funding round led by Hyperplane Venture Capital, and additional investments from Vestigo Ventures and Clocktower Ventures.

TowerIQ partners with insurance brokers, agents, and carriers to provide policy holders to facilitate user-friendly and compliant communications from application to binding of an insurance policy. TowerIQ brings clients from application to binding by augmenting broker expertise with a low touch technology platform that distributes ingestible data directly to carriers. This frees brokers and agents to focus their efforts on solving the business challenges facing their clients, allowing them and their firms to win more business and improve client retention.