The funding was led by JLL Spark Global Ventures, with notable participation from BrokerTech Ventures and InsurTech NY.
Established in 2022, Sertis boasts of its proprietary risk assessment technology, which leverages “millions of data points” gathered from a digital property management platform. This cutting-edge technology enables Sertis to provide precise risk assessment, leading to accurate pricing and coverage for its clients.
Currently operating in 34 states, Sertis offers a range of insurance products including multifamily property, general liability, and equipment breakdown coverage. Notably, all policies offered by Sertis are backed by Accelerant, adding an extra layer of security and trust for policyholders.
Ajey Kaushal, investor at JLL Spark, commented, saying: “The Sertis platform is a breath of fresh air in an industry that has struggled to effectively price and place risk. Commercial property owners that work with Sertis can finally be rewarded for the technology they deploy in the form of greater risk protection and lower premiums.”
He continued: “At JLL Spark, a core piece of our evaluation criteria is a company’s ability to drive a demonstrable ROI for their customers – that answer has never been clearer than with Sertis.”
Mark Gardella, CEO of Sertis, added: “This funding round validates our innovation, strategic business model, and vision to deliver a stable and affordable multifamily insurance market and continue to strengthen our relationships with top brokers and independent agencies nationwide.”
