Sertis – a managing general agency (MGA) focused on the insurance industry – announced it has successfully completed an oversubscribed $3.2 million seed funding round. JLL Spark Global Ventures (the venture capital arm of JLL) led the investment. Ajey Kaushal, an investor at JLL Spark, joins Sertis’ board in connection with the investment.
The investments from BrokerTech Ventures and InsurTech NY also reinforced Sertis’ position within the insurance technology landscape.
Sertis’ Risk Management Platform and risk assessment technology extend beyond reducing insurance premiums. It was also built to lower the total cost of risk for proactive owner/operators committed to responsibly managing their properties.
This milestone is a major indicator of market confidence and investor support, positioning Sertis for further growth in the multifamily insurance sector. And this funding reflects the recognition from the industry for its innovative software solutions and strategic business model underpinning the company’s rapid multifamily insurance expansion into 34 states across the U.S.
KEY QUOTES:
“The Sertis platform is a breath of fresh air in an industry that has struggled to effectively price and place risk. Commercial property owners that work with Sertis can finally be rewarded for the technology they deploy in the form of greater risk protection and lower premiums. At JLL Spark, a core piece of our evaluation criteria is a company’s ability to drive a demonstrable ROI for their customers – that answer has never been clearer than with Sertis.”
- Kaushal
“This funding round validates our innovation, strategic business model, and vision to deliver a stable and affordable multifamily insurance market and continue to strengthen our relationships with top brokers and independent agencies nationwide.”
- Mark Gardella, CEO of Sertis
