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Insurtech Herald secured $12 mn in Series A funding

Insurtech Herald secured $12 mn in Series A funding

Insurtech Herald has secured $12 mn in Series A funding co-led by Lightspeed Venture Partners and Brewer Lane Ventures, with participation from Afore Capital and Underscore Venture Capital.

The funds will be used to enhance Herald’s API, which links insurance brokers with carriers using AI-driven solutions.

Herald’s platform simplifies commercial insurance processes by embedding its unified API into brokers’ systems. This allows brokers to quote and bind policies in real time, streamlining operations and reducing administrative tasks.

The API integrates with various systems, including Agency Management Systems (AMS), Customer Relationship Management (CRM) tools, and custom platforms, improving broker workflows across the board.

Insurtech Herald secured $12 mn in Series A funding

Currently, Herald works with 8 of the top 25 largest brokerages and partners with over 35 carriers. It offers access to more than 80 insurance products, covering areas like Cyber Insurance, Professional Liability, General Liability, and Workers’ Compensation.

Herald’s AI tools handle complex automates data extraction and transformation from formats like PDFs and spreadsheets, ensuring consistency and speeding up workflows. This reduces reliance on manual input and minimizes inefficiencies from disconnected systems.

Our API allows brokers to work within their preferred systems, whether it’s a CRM or custom platform. This funding will help us further our goal of seamless broker-carrier connectivity and expand our capabilities across the market.

Matt Antoszyk, CEO of Herald

Herald aims to create a modern, open data standard for the insurance industry. The platform addresses inefficiencies by streamlining data entry, allowing brokers to input accurate information, helping carriers improve underwriting precision.

This investment positions Herald as a leader in insurance technology, driving innovation and transforming the broker-carrier relationship.

“Herald’s work to standardize data is essential for streamlining the industry. By aligning data flows between brokers and carriers, they are making insurance faster, more efficient, and accurate,” Rohan Malhotra of Brewer Lane Ventures commented.

“Herald’s AI-driven technology enables brokers to maintain current processes while benefiting from real-time data and faster decision-making, enhancing collaboration between brokers and carriers,” Yoni Cheifetz, Partner at Lightspeed Venture Partners, added.

Peter Sonner by Peter Sonner