Avyst (formerly Wave Insurance Technologies), a Denver, CO and Dallas, TX-based system to enable independent insurance agents to track, process, quote and issue new business, closes $2.5m equity financing.
Backers included the senior management and Board members of Avyst in addition to Agents Service Corporation, the for-profit arm of the Professional Independent Insurance Agents of Colorado (PIIAC).
The company will use the funds to grow across the U.S. to capture additional market share from captive agents.
Led by Marc Still, CEO, Avyst provides a cloud-based system to enable independent insurance agents to track, process, quote and issue new business. The product is based on four modules including a referral, question, dashboard (analytics) and carrier engines.