Indio Technologies, Inc., a San Francisco, CA-based insurance application platform, received a minority investment from NFP Ventures.
The company intends to use the funds to enhance and streamline the underwriting process.
Founded in 2016 by Michael Furlong, Adam Bratt and Matt Watson, Indio Technologies provides a management software platform for property and casualty insurance providers to win more business, improve retention and save time through increased customer satisfaction.
By digitizing and unifying the entire data collection process, the company’s platform allows brokers to deliver a fully digital client experience.
The company has raised over $8 million in venture financing from 8VC, NEA, Merus Capital and more.
NFP Ventures is the early-stage investment arm of NFP, an insurance broker and consultant that provides employee benefits, property and casualty, retirement and individual private client solutions through licensed subsidiaries and affiliates.