Cake, an insurtech based in Indianapolis, has announced the completion of a $1.3 million pre-seed funding round led by venture capital company Markd.
Additional sponsors included 2ndF, Iridium Bloom LLC, 101 Weston Labs, IIANC, and other industry-specific strategic partners. The close of this round marks a step towards its vision of reshaping Insurance M&A, democratizing it, and widening its reach to agents across various levels.
Launched in 2021, Cake’s platform connects independent agents aiming to sell whole businesses or partial accounts with those keen to expand their operations.
Topics Mergers & Acquisitions InsurTech Tech
Was this article valuable?
Here are more articles you may enjoy.
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims 
Chubb Posts Record Q4 and Full Year P/C Underwriting Income, Combined Ratio 
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers 
Beazley Agrees to Zurich’s Sweetened £8 Billion Takeover Bid 
