Bond-Pro, a Tampa, Florida-based provider of Surety and Specialty Insurance software products and services, secured $10 million in growth equity funding.
The round was led by Volition Capital. In conjunction with the funding, Roger Hurwitz, Managing Partner at Volition Capital, will join Bond-Pro’s board of directors.
The company intends to use the funds to continue accelerating its vertical market integration strategy between carriers and agencies and to scale delivery capabilities for US and Canadian insurance carriers.
Led by Frederick Duguay, CEO, Bond-Pro provides Bond-Pro® Enterprise Next Gen, an automation and management software platform utilized by hundreds of agencies and dozens of surety carriers to drive premium, improve underwriting efficiency, reduce costs and mitigate risk. Its enterprise products and services enable specialty insurance professionals to fully computerize and effectively manage the entire life cycle including Accounts, Jobs, Bonds, Claims, Reinsurance, Workflow, and Data Analytics.