Boost Insurance has pulled in a $14 million funding round designed to expand its infrastructure-as-a-service platform designed for the insurance industry.
Coatue and Greycroft led the New York company’s Series A financing, which included participation from Tusk Venture Partners, Conversion Capital and MetLife Chairman Glenn Hubbard. Existing investors Norwest Venture Partners and IA Capital Group also took part.
Boost bills its technology as propelling “white-labeled” insurance programs for tech companies and emerging startups. Boost makes it easy for companies in any category – from technology brands to insurtech start-ups – to offer white-labeled digital insurance solutions to their customers. Its infrastructure-as-a-service (IaaS) platform packages all the back-end components needed to develop, launch, and manage a program.
Its managing general agency subsidiary Boost Insurance Agency is licensed to sell insurance in all 50 states, backed by Markel Global Reinsurance, Renaissance Re and Nephilia.
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