Trellis operates as an all-remote workforce. Credit: Mathieu Stern on Unsplash.

American insurtech platform Trellis has raised $10m in a Series A funding round to bring simplicity and security to consumer insurance.

The round was led by QED Investors and also joined by the company’s existing investors NYCA Partners and General Catalyst.

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The investment will be used by the company to support accelerated hiring, expanding partnerships and the development of new products.

Trellis founder and CEO Daniel Demetri said: “Consumers deserve financial services that work together in concert to make life simpler and easier, and insurance needs to be part of that equation.

“Nothing gets us more excited than bringing our best-in-class consumer experiences to the brands and apps that people already trust and use to manage their financial lives.”

Founded in 2019, Trellis operates as an all-remote workforce with staff distributed across the US.

It offers secure, digital solutions for insurers and non-insurers to acquire customers with streamlined, personalised experiences, offers, and services.

QED Investors partner Matt Burton commented, “Trellis has made incredible progress in removing friction from the insurance-buying experience. We are moving toward a world where you will be able to seamlessly switch insurance providers, and Trellis’ technology is enabling these new customer journeys.”

Trellis also noted that its recommendation platform Savvy, which was launched in early 2020, has seen adoption by fintech apps and digital media publishers.

Later this year Savvy will be extended with support for home, renters, and life insurance.

QED principal Laura Bock said: “The demand for Trellis’ product is clear — Trellis has grown from zero to tens of millions of dollars in revenue in less than a year, and we’re thrilled to partner with them to further accelerate their phenomenal growth.”