Greenwich, Connecticut, July 25, 2023 — Leading Insurtech data analytics platform Ennabl is pleased to announce the completion of its USD 8M Series A investment round. This finance will accelerate the company’s growth and increase its market reach.
Brewer Lane Ventures, Altai Ventures, and private investors contributed to the Series A round, which Brewer Lane Ventures led. The business will utilize the money to hire more employees, increase sales and marketing, and engage in product development.
Kabir Syed, CEO of Ennabl, says, “Ennabl’s mission is to provide cutting-edge solutions for insurance brokers and agencies to help them grow their book of business and streamline their existing processes.” We are excited to have Brewer Lane Ventures and our other investors on board as we develop our platform and support brokers in reaching their objectives.
The SaaS platform from Ennabl enables insurance brokers and agencies to use data to increase revenue. Ennabl’s machine learning algorithms extract, clean, and enrich data from all of the broker’s systems and processes to provide brokers with actionable knowledge that helps them manage their strategy, build their business book, find new clients, and increase commissions.
Since its foundation in 2021, Ennabl has increased, and some of the biggest insurance brokers in the world are among its clientele. In addition, the business has formed alliances with several prominent technology and service suppliers, such as Reagan Consulting, NeuralMetrics, HazardHub, and Fenris Digital, to deliver beneficial outside data that helps brokers boost their top-line development.
Chris Downer, Partner at Brewer Lane Ventures, said, “We’re excited to partner with Ennabl as they continue to drive innovation in the insurance technology space.” Their platform is revolutionizing how insurance brokers use data, and we believe Ennabl has excellent potential to grow and influence the market.
Ennabl was established in 2021 to assist brokers with their data, insight, and workflow difficulties. Its management and engineering teams were comprised of seasoned industry professionals. Many brokers and agents utilize Ennabl as an insurance platform to manage and consolidate their data. By leveraging the platform, brokers may spend less time maintaining data and focusing more on improving the client experience and their financial line.
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