Tech-enabled commercial insurance wholesale brokerage QuoteWell announced its public launch to serve independent retail agents.
Founded in 2021, the insurtech said it “helps agents who are often overlooked and given poor customer service due to low premiums associated with their accounts and provides best-in-class in-house brokers to efficiently find and place the risk.”
QuoteWell also said it secured over $15 million in Series A funding led by New Enterprise Associates, Inc. (NEA). Goldcrest and Floating Point also participated in the round. The new capital will be used to expand the company’s brokerage team and enhance the infrastructure that underpins automation and operational efficiencies.