InforcePRO, an Austin, Texas-based provider of a life insurance technology platform, raised $4M in venture capital funding.
The round was led by LiveOak Venture Partners.
The company, which has raised over $5M in total, intends to use the funds to grow the team and expand its product line domestically and abroad.
Led by founders Cameron Jacox and Karan Kanodia, InforcePRO provides InforcePRO®, a web-based policy-monitoring tool that aims to deliver increased revenue and enhance protection from liability on orphan as well as active books of life insurance business for carriers and distributors.
InforcePRO® now monitors more than 2 million in-force life insurance policies and is expanding its U.S and Canadian presence to the U.K in 2016.