Mylo, a Kansas City, MO-based digital insurance broker, raised $28m in Series A funding.
The round was led by Guggenheim Partners.
The company intends to use the funds to enhance its position as an innovator in the insurance industry, accelerate its current business strategy and activate additional new ways to achieve success.
Launched by Lockton Companies in 2015 and led by David Embry, CEO, Mylo is a digital insurance agency that allows businesses and individuals to get expert advice, compare top-rated insurance products from multiple carriers and purchase coverage for business, group health, home, auto, life and individual health. Following the deal, Lockton Companies will continue as Mylo’s majority investor.