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Industries
Enterprise Software
Fintech
Company Size
11-50
Company Stage
Series A
Total Funding
$14.6M
Headquarters
Austin, Texas
Founded
2021
Quotewell streamlines the commercial insurance submission process for independent agents by providing a platform that simplifies and automates the workflow. The platform combines multiple questions into a single form application, allowing for quick and secure data transfers to various insurance carriers. This integration helps agents focus on more important tasks, like expanding their business, rather than getting bogged down by paperwork. Quotewell differentiates itself from competitors by collaborating directly with local independent agencies to tailor its solutions to their specific needs. The company's goal is to enhance efficiency and productivity in the commercial insurance market through a subscription-based model that offers agents and brokers a user-friendly tool to manage their submissions.
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Total Funding
$14.6M
Meets
Industry Average
Funded Over
1 Rounds
Industry standards
Competitive salaries + equity in the company
Medical, dental, & vision
FSA and HSA options
Unlimited vacation policy
Paid membership to One Medical
Company-sponsored 401K plan (Roth & Traditional)
Paid parental leave
Family forming benefits & reimbursements through Carrot
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QuoteWell partners with Independent Insurance Agents of Texas.
Stewart Risk partnered with QuoteWell to utilize a modern platform that allows agents to access more markets and experience quicker response times and carrier transparency.
QuoteWell, an Austin, TX-based tech-enabled commercial insurance wholesale brokerage, raised over $15M in Series A funding.The round was led by NEA with participation from Goldcrest and Floating Point. The company intends to use the funds to expand its team and enhance the infrastructure for automation and operational efficiencies.Led by Joey Bouchard, CEO and Founder, QuoteWell is a tech-enabled commercial insurance wholesale brokerage, which utilizes AI-backed technology in its submission and marketing processes, empowering in-house brokers to efficiently find and place the risk while delivering a responsive and transparent experience for retail agents. To date, the company has hired 12 licensed brokers to support submission flow and uses AI-backed models to assist in coverage recommendations from its panel of over 45 carrier partners. FinSMEs24/10/2023
In the lead-up to today's public launch, QuoteWell, founded in 2021, has secured over $15 million in Series A funding led by New Enterprise Associates, Inc. (NEA).
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Industries
Enterprise Software
Fintech
Company Size
11-50
Company Stage
Series A
Total Funding
$14.6M
Headquarters
Austin, Texas
Founded
2021
Find jobs on Simplify and start your career today