Business Moves: Sandbox Invests in Florida Insurance Data Firm Confianza

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Florida-based Confianza Inc., which provides data analytics and machine learning to insurance agents, announced that it had closed its round of seed funding, with most of the capital coming from Sandbox Insurtech Ventures.

The company, co-founded in 2020 by Jeffrey Glazer, a former CEO of insurance solutions at LexisNexis, did not reveal the amount of funding raised. A news release said the money will be used to build out its team and product offerings and to service its expanding customer base.

Confianza, which means “confidence” in English, offers pre-bind services such as customer profiles, lead generation and consumer financial strength information, along with fraud screening and book reviews. It is headquartered in Sarasota, Florida.

Sandbox Insurtech Ventures, part of Sandbox Industries, is a venture capitalist that invests in insurance innovation and technology start-ups, the company said.