Tnedicca, a Columbus, Ohio-based leader in location-based traffic crash intelligence and predictive analytics that enables accurate auto insurance pricing, raised $1.75m in Series A funding.
The round was led by Tengro Ventures and previous investors Pixel Perfect Ventures and Grange Insurance. Chris McKay, Managing Principal of Tengro Ventures, has joined TNEDICCA’s board of directors and will serve as Chairman.
Led by Yiem Sunbhanich, co-founder and CEO, Tnedicca identifies accident hotspots, enabling consumers and insurance companies to manage their risk accordingly. The company has built a comprehensive accident location database with more than 30 million crashes covering 91% of the U.S. auto insurance market. Its traffic crash data and location risk analytics products are now available in 40 U.S. states and the UK and have been adopted by more than a dozen insurance companies, including Swiss Re, Grange Insurance, and Buckle.
The company has begun to expand use cases into adjacent markets such as life insurance and last-mile delivery service particularly among large self-insured logistic companies.
Tnedicca provides solutions to auto insurance, navigation service, automotive manufacturing, and transportation planning industries.
FinSMEs
21/03/2022