Insurtech Mulberri raises $4mn Series Seed
Insurtech Mulberri raises $4mn Series Seed
Mulberri, a pioneering insurtech and business insurance platform for modern PEOs and brokers, has announced that it has raised a $4 million Series Seed led by a consortium that includes Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio).

In a press release, it notes that Mulberri will use the funding to continue to expand its infrastructure and data modelling to help make business insurance more simple, efficient and transparent.

“For far too long, business insurance has been stuck in the 20th century, and that has had major ramifications for PEOs and brokers who have wanted modern solutions, but lacked access to them,” said Hamesh Chawla, CEO and co-founder of Mulberri.

“We’ve been gratified by the enthusiastic response to Mulberri from investors and insurtechs alike. Looking towards the future, we’re excited to continue building out our technology so we can help even more PEOs and brokers reach their highest potential.”

Launched in 2021, Mulberri is the first business insurance solution purpose-built for PEOs and brokers. Moreover, Mulberri’s technology enables PEOs, brokers, and carriers to come together to write business and helps them make intelligent data-driven decisions.

Read the full article: Reinsurance News

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