Ennabl – a leading Insurtech data analytics platform – recently announced the successful completion of its Series A funding at $8 million. This funding round will accelerate the company’s growth and expand its market reach.
The Series A funding round was led by Brewer Lane Ventures with participation from Altai Ventures and private investors. And the company will use the funds to invest in product development, expand the company’s sales and marketing efforts, and grow its team.
The company’s SaaS platform helps insurance brokerages and agencies to harness data to drive top-line growth. And Ennabl’s machine learning algorithms provide actionable intelligence for brokers to increase their commissions, find new customers, grow their book of business, and manage carrier strategy by extracting, cleaning, and enriching data from all of the broker’s systems and processes.
Ennabl has experienced rapid growth since its founding in 2021 with a customer base that includes a number of the world’s largest insurance brokers. The company has also partnered with several leading technology and service providers, including Reagan Consulting, NeuralMetrics, HazardHub, and Fenris Digital, to provide actionable external data that allows brokers to accelerate their top-line growth.
KEY QUOTES:
“Ennabl’s mission is to provide cutting-edge solutions for insurance brokers and agencies to help them grow their book of business and simplify their existing processes. We’re thrilled to have Brewer Lane Ventures and our other investors on board as we continue to grow our platform and help brokers achieve their goals.”
— Kabir Syed, CEO of Ennabl
“We’re excited to partner with Ennabl as they continue to drive innovation in the insurance technology space. Their platform is revolutionizing the way insurance brokers leverage data, and we see tremendous promise in Ennabl’s ability to further impact the market.”
— Chris Downer, Partner at Brewer Lane Ventures
