BankingBusiness

Broker Insights: Raises £6m in Series-A funding round

Broker Insights: Raises £6m in Series-A funding round

  • Broker Insights raised more than £6m in a Series A funding round led by Mercia
  • Chroma Ventures, which first backed with seed funding in 2018, made a follow-on investment in this round
  • The funding will enable further development on platform and accelerate its UK growth and launch in the US
  • The company, which currently employs 35 staff at its headquarters in Dundee, expects to double its headcount in 2022
  • Platform enables insurers to distribute their products more efficiently to regional brokers through automation
  • Its award-winning platform now connects leading insurers such as AXA, RSA, Zurich, QBE, Travelers, Markel
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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