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 InsurTech Mergers & Acquisitions Tech
Was this article valuable?
Here are more articles you may enjoy.
Banking Watchdogs Ramp Up AI Scrutiny as Stability Fears Mount, Sources Say 
AI Models May Soon Self-Replicate Across Smart-Home Devices, Anthropic Warns 
Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida 
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs 
