American insurtech start-up Insurmi has raised an additional $1m in a funding round led by Coplex.
Coplex, a venture builder that collaborates with industry experts and entrepreneurs to launch high-growth tech firms, was joined by a group of global investors and the Global Insurance Accelerator (GIA) in the fundraising.
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With the new capital, Insurmi intends to speed up its global expansion plan and increase the staff headcount at its Phoenix base.
Insurmi founder and CEO Sonny Patel said: “The Insurmi platform empowers them to create meaningful experiences and interact on the customer’s terms.
“This new capital injection will accelerate our growth and strengthen our position as true allies to insurance carriers to help them transform how they communicate and engage with the next generation of the insured.”
Coplex CEO Zach Ferres said: “Insurmi is solving a prominent challenge in the insurance industry by leveraging next-generation technology to modernise the way carriers reach and engage with future generations of insurance buyers.
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By GlobalData“We partnered with GIA to help usher Insurmi into their next phase of growth because we believe in Insurmi’s mission and vision for revolutionising the insurance customer experience.”
Insurmi, founded in 2017, operates as a conversational-AI powered customer engagement platform for insurance carriers.
Its clientele includes two Fortune 500 insurance carriers.
