One, Inc., a Rancho Cordova, CA-based cloud software provider of core applications to the property and casualty insurance market, closed a $16.7m Series A funding.
The round was led by H&Q Asia Pacific with participation from Camp One Ventures and AGI Partners, LLC.
The company intends to use the funds to build out its sales, marketing, implementation and customer service teams.
Led by CEO Christopher W. Ewing, One provides InsureOne™, a suite for property and casualty insurers to expand distribution channels and increase revenues while replacing legacy core systems. It offers PolicyOne™ (core rating, billing and policy issuance system), AppOne™ (core agency management system), ProcessOne® (payment reconciliation and routing system) and DataOne® (data warehouse and business intelligence suite).
Customers include National General Insurance Company, Confie Seguros, and Mutual of Enumclaw.