InsureHiTech announced it has received $4.35 million, with a flat valuation from the A round, from J.P. Morgan Corsair II Capital Partners LP, a $1 billion private equity fund, and two other strategic investors.
InsureHiTech is an e-business property and casualty insurance brokerage designed for middle market technology clients. Its operating platform drives greater efficiency for its sales and service personnel by removing the paper processing that currently inundates the insurance buying cycle. In addition to the industry leading technology platform, InsureHiTech provides insurance brokerage and risk management services to the high-tech, biotech, venture capital and environmental industries.
InsureHiTech received $10 million in first round funding from J.P. Morgan Corsair II Capital Partners LP last August. Revolutionizing the way business insurance and risk management information are delivered, InsureHiTech will use the second round of funding to expand the InsureHiTech technology platform and the brokerage sales and service team.
Was this article valuable?
Here are more articles you may enjoy.
Texans Hate Data Centers So Much They Are Asking Jesus for Help 
US P/C Insurers Post Biggest Q1 Underwriting Profit in 25 Years 
Insurance Mogul Lindberg Gets 12 Years for $2 Billion Fraud 
Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms 
