AgentSync, a Denver, CO-based company modernizing the tools and infrastructure powering the insurance industry, raised $6.7m in seed extension funding round.
This funding, which brought total funds raised to date to $11.1m, was led by David Sacks’ Craft Ventures, with participation from Operator Collective and several prior investors.
The company intends to use the capital to grow the team, focus on product development to build new solutions that create operational efficiencies and reduce compliance risk for agencies, carriers, and MGAs, and scale the business.
Founded in 2018 by Niranjan “Niji” Sabharwal and Jenn Knight, AgentSync provides a compliance-as-a-service platform for insurance carriers and insurance agencies to track insurance broker licensing data, solution. It integrates with National Insurance Producer Registry (NIPR), the main market’s source for licensing verification and processing.
Future products will include broker insight and recruiting tools to help customers identify their broker ‘white space’ based on their ideal broker profile, and acquire brokers as partners to distribute their insurance products.