Insurtech Startup TowerIQ Raises $2M in Seed Funding

TowerIQ, a Boston, MA-based market neutral communication platform for the insurance industry, raised $2M in seed funding.

The round was led by Hyperplane Venture Capital, with participation from Vestigo Ventures and Clocktower Ventures.

TowerIQ partners with insurance brokers, agents and carriers to provide a digital platform to facilitate compliant communications from application to binding of an insurance policy.

Founded by Adam Demos (AppAnnie) and Dan Hurwitz (Willis Towers Watson), who led the company with newly added Michail Medvinsky, CTO, TowerIQ is an enterprise SAAS platform providing communication, data insights, and exposure gathering for the commercial insurance industry. The software replaces outdated, inconsistent communication and application methodologies with a simplified interface and centralized data-collection system to improve agent and broker efficiency, as well as policyholder satisfaction.



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