Mulberri, a Sunnyvale, California-based business insurance platform for modern PEOs and brokers, announced that it raised $4 million in seed funding.
The round was led by a consortium that includes Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio).
A shared platform that makes business insurance easier to access and manage, Mulberri will use the funding to continue to expand its infrastructure and data modeling to help make business insurance more simple, efficient, and transparent.
Company: Mulberri, Inc.
Raised: $4.0M
Round: Seed Round
Funding Month: July 2022
Lead Investors: Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners
Additional Investors:
Company Website: https://www.mulberri.io/
Software Category: Business Insurance Platform
About the Company: Mulberri is an AI-powered intelligent business insurance platform that PEOs, brokers, small-medium businesses, and carriers trust to help them be more efficient and productive when writing business together. Launched in 2021, Mulberri is the first business insurance solution purpose-built for PEOs and brokers that delivers on the speed, transparency, and efficiency that PEOs and brokers have been asking for. The platform provides smart submission intake, automated quote and bind, data-driven insurance management, and easily accessible protection and monitoring services. It also optimizes PEO business workflows, speeds up client acquisition, and provides risk analytics by integrating with multiple systems like HRIS, Payroll, and others. Mulberri’s mission is to use technology to connect people and help them make intelligent data-driven decisions to make the business insurance process simple, efficient, and transparent.
Source: https://www.businesswire.com/news/home/20220728005199/en/Embedded-Insurance-Platform-Mulberri-Raises-4M-Seed