There is more seed capital funding happening in insurtech right now, as start-ups realise they don’t have to approach the usual banking sources. With savings rates at virtually zero investors are looking to get better returns through venture funds. Here’s some news from Marble in the USA, straight from their company blog;
We’re thrilled to announce that Marble has raised $2.5 million in seed round funding, with backing from experienced insurance and fintech investors like IA Capital Group, MS&AD Ventures, Reciprocal Ventures, Fintech Ventures Fund, The Takoma Group, and HU Investments.
With this new funding we’ll continue to build Marble into the digital platform, and suite of tools, that fulfills the real promise of insurtech. The next step will come in March when we’ll open our digital insurance wallet in a public beta. Our closed-ish (technical term) beta has been a huge hit, we’ve learned a ton, and we can’t wait to welcome the thousands of interested members off our waitlist.
This spring we’ll start launching our first enterprise partnerships, leveraging Marble’s flexible API backend to help national insurance carriers drive engagement and retention. A big portion of today’s investment will allow us to respond to the surge of inbound interest we’ve seen from carriers and brokers alike. Now we’ll be able to confidently resource against additional integrations through 2021.
Marble has already grown their team with this year. But they aim to increase the company head count, details on open roles here.