Canopy Connect Raises $6.5M in Series A Funding

Canopy Connect

Canopy Connect, a Beaverton, OR-based provider of a platform for collecting, verifying, and monitoring insurance information, raised $6.5M in Series A funding.

The round was led by Nevcaut Ventures with participation from Elefund, Nimble Partners, LocalGlobe, 9Yards Capital, Global FinTech Venture Partners, and more.

The company intends to use the funds to accelerate growth with insurance agencies, insurance carriers, lenders and opens new markets.

Led by CEO and Founder Tolga Tezel, Canopy Connect enables businesses to verify insurance information directly from carriers in seconds, resulting in a better client experience and enhanced workflow. Through its consumer consent-driven data sharing technology and secure cloud infrastructure, it enables insurance agencies, insurance carriers, lenders, and insurance innovators to deliver intelligent insurance services.

More than 3,000 insurance agencies use Canopy Connect’s unified insurance verification API to collect verified insurance information directly from the carrier and sync it to their comparative rater, CRM, or agency management system.