Sayata, a Boston MA-based marketplace for insurance brokers and carriers to scale their business insurance portfolios, announced the addition of $35M to the previous $17M and closed a $52M in Series A funding.
The round was led by Pitango Growth and Hanaco Ventures, with participation from previous investors Team8 Capital, Vertex Ventures, Elron Ventures, and OurCrowd.
The company intends to use the funds to accelerate the addition of new business insurance lines.
Led by Asaf Lifshitz, CEO, Sayata provides insurance brokers and carriers that focus on small-to-medium businesses with a platform that streamlines the quote-bind-issue process allowing insurance professionals to place more insurance policies in a fraction of the time. Sayata provides an end-to-end technological solution along with educational tools, giving partners the ability to grow their book efficiently.
The platform launched nearly two years ago offering a way for brokers to find and secure cyber insurance for SMBs.
FinSMEs
24/01/2022