Veruna – an all-in-one agency management system natively designed on Salesforce’s leading CRM platform – recently announced a successful Series B funding round of about $10 million. The funding round was led by top-tier venture capitalists Berkley Ventures, Guidewire Software, the Institutes, and CoVerica Insurance.
Along with existing support from stakeholders like Keystone Insurers Group and EMC Insurance, this fresh funding round highlights Veruna’s unique advantage as the sole agency management system with CRM as well as carrier relationship management capabilities. The new funding round will accelerate Veruna’s product development and spur growth across key areas, including engineering, sales, marketing, and customer success.
Veruna’s state-of-the-art platform utilizes predictive analytics and no-code reconfigurability, offering a unique Customer360 solution designed to elevate revenue, efficiency, and customer experience.
With the Series B funding round, Veruna aims to solidify its market leadership by launching new predictive analytics features and expanding its agent-assisted and straight-through digital processing and global footprint. And Veruna broadened its advisory board to include six new industry experts, focusing on steering strategic growth, as announced on September 19, 2023.
KEY QUOTES:
“We’re thrilled by the significant support from industry leaders. This funding gives us the fuel to push our vision forward and revolutionize the insurance sector.”
“The real power lies in having one unified system. Agents can shift their focus from administrative tasks to client advising.”
— Jennifer Carroll, CEO of Veruna
“Given the insurance industry’s recent embrace of Salesforce and CRM tools, Veruna couldn’t be better positioned. This isn’t just tech-it’s a strategic investment in making insurance agencies more effective and efficient.”
— Clare Tokeim from Berkley Ventures
