Inscora, a Montreal, Canada-based startup specializing in automated cyber risk assessment and sales enablement solutions for cyber insurance brokers, has raised $2 million in a funding round.
Investors
The round was led by Luge Capital, with participation from Desjardins Capital, Accelia Capital, Inovia Capital, and several angel investors from the cybersecurity industry.
Luge Capital is a venture capital fund focused on early-stage fintech and artificial intelligence (AI) applied to financial services. The firm invests in early-stage companies in Canada and the United States.
Inscora Use of Funds
The company will use the funding to develop its platform further, expand the team, and launch the product in Canada and the U.S.
About Inscora
Founded in 2023 by Gabriel Tremblay, Pierre-David Oriol, and Guillaume Raymond, Inscora is a Montreal-based startup that provides automated cyber risk assessment and sales enablement solutions specifically designed for cyber insurance brokers. The company's platform empowers brokers to accurately and effortlessly assess a company's cyber risk posture, support clients in implementing cybersecurity best practices, and significantly accelerate the cyber insurance application process. Inscora is already working with select insurance industry players in its early trial program.
Funding Details
Company: Inscora
Raised: $2.0M
Round: Unknown
Funding Month: August 2024
Lead Investor: Luge Capital
Additional Investors: Desjardins Capital, Accelia Capital, Inovia Capital, Angel Investors
Company Website: https://inscora.com/
Software Category: Cyber Risk Assessment and Sales Solutions
Source: https://www.prnewswire.com/news-releases/inscora-announces-2m-in-funding-to-help-brokers-supercharge-their-cyber-insurance-practice-302213571.html