AgentSync – a leader in modern insurance infrastructure – recently announced an additional $50 million fundraising, bringing the company’s total funding to $161 million. This funding round was co-led by existing investors Craft Ventures and Valor Ventures.
Since the company raised a Series B funding round in Q4 2022, AgentSync has seen 3x ARR growth and more than 2x customer growth. And AgentSync works with more than 200 insurance companies spanning carriers, MGAs, and agencies, covering all lines of insurance.
AgentSync differentiates itself from the competition due to its flexible cloud-native solutions, ability to solve complex, entrenched issues, and strong customer success. And this funding round enables AgentSync to double down, delivering best-in-class products for the nation’s largest and most respected carriers.
AgentSync’s infrastructure handles a vital problem in the insurance industry: effective and efficient distribution. And by establishing flexible, scalable connections between insurance distributors and underwriters, AgentSync powers and streamlines the delivery of insurance products. Plus, the company continues to aggressively build and innovate with a focus on SaaS and API solutions that create data visibility and efficiencies for insurers and exceptional experiences for agents and brokers.
KEY QUOTES:
“AgentSync has become core infrastructure for hundreds of insurance companies, helping them scale distribution and reduce costs. Brian Murray, Partner at Craft VenturesWe are excited to deepen our partnership with the AgentSync team as they continue to upgrade the resilience and efficiency of the insurance industry.”
— Brian Murray, Partner at Craft Ventures
“Given the current headwinds sectors of the insurance industry are facing, investing in modern, scalable infrastructure to manage distribution has never been more important. With AgentSync, customers have the flexibility to quickly and intelligently ramp distribution channels up or down as needed. This drives massive distribution channel-related cost savings when efficiently executed through software. Helping our customers adapt quickly and manage risk and expenses during tough market conditions is extremely rewarding – especially knowing that they’re building bulletproof distribution infrastructure for when the markets improve.”
— Co-founder and CEO Niji Sabharwal
“AgentSync solves a critical, ubiquitous and long neglected problem in the insurance Industry. This infusion of capital ensures they have the platform and support needed to move up market to larger and more complex carrier requirements and continue to charge ahead solving the extremely complex problems plaguing the insurance industry today.”
— Mike Rosenbaum, AgentSync board member and CEO of leading insurance software Guidewire
