The investment brings XILO’s total funding to $13.2 million.
The funding round saw participation from Altos Ventures, Cove Fund, Navigate Ventures LLC, New Stack Ventures, and Splash Capital. The new capital will support XILO’s mission to streamline the quoting process for insurance agencies and enhance its digital solutions.
Founded in 2017, XILO offers customisable digital intake forms that integrate seamlessly with Agency Management Systems (AMS) and raters. The platform automates data entry, allowing insurance agencies to improve efficiency and boost conversion rates.
With this latest investment, XILO aims to further develop its technology, expand its market reach, and continue optimising workflows for independent insurance agencies.