Ascend, a NYC-based insurance payments platform that provides automated all-in-one financing, collections, and payables, raised $5.5M in seed funding.
The round was led by First Round Capital, with participation from Susa Ventures, FirstMark Capital, Box Group. A series of strategic angels also contributed to the funding including Joshua Motta, CEO of Coalition; Spike Lipkin, CEO of Newfront Insurance; Gordon Wintrob, CTO of Newfront Insurance; Sam Hodges, CEO of Vouch Insurance; Phillip Hodges, CEO of Layr Insurance; Max Bruner, CEO of Anzen Insurance; Tanner Hackett, CEO of Counterpart Insurance; Chad Nitschke, former CEO of Bunker Insurance; Paul VanderMarck CTO of SageSure; Max Mullen & Brandon Leonardo, Co-Founders of Instacart; & Ben Rubin, Co-Founder/CEO of HouseParty.
The company intends to use the funds to focus on product development, go to market initiatives, and bringing on new team members.
Founded by two-time insurtech entrepreneurs Andrew Wynn and Praveen Chekuri, Ascend is an insurance payments platform that provides automated all-in-one financing, collections, and payables, which helps distributors sell more by eliminating labor intensive, expensive processes while providing customers with an improved online checkout and financing experience.