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About ThreeFlow
Industries
Enterprise Software
Fintech
Company Size
51-200
Company Stage
Series B
Total Funding
$54.3M
Headquarters
Chicago, Illinois
Founded
2015
Overview
ThreeFlow provides a Benefits Placement System (BPS) that facilitates collaboration between insurance brokers and carriers. This system streamlines the entire placement process, which includes data collection, underwriting review, client presentation, and implementation, specifically tailored for the benefits industry. The BPS offers real-time visibility into workflows, allowing brokers and carriers to work together effectively to achieve the best outcomes for their clients. Unlike traditional methods, ThreeFlow's system addresses both renewals and new business needs in a shared environment. The company operates on a subscription model, generating revenue by offering this software to brokers and carriers. Additionally, ThreeFlow utilizes artificial intelligence and data insights to enhance collaboration and improve decision-making in the insurance sector, targeting not only brokers and carriers but also employers looking to make informed benefits choices.
Simplify's Take
What believers are saying
- ThreeFlow raised $45 million in Series B funding to scale operations.
- Partnerships with Beam Dental and Vision Benefits of America expand market reach.
- Increased demand for digital transformation boosts adoption of ThreeFlow's system.
What critics are saying
- Increased competition from other insurtech startups may erode market share.
- Rapid technological advancements require continuous platform updates, straining resources.
- Economic downturns could reduce spending on employee benefits, impacting revenue.
What makes ThreeFlow unique
- ThreeFlow offers a unique Benefits Placement System for brokers and carriers.
- The system provides real-time visibility and enhances insurer-broker collaboration.
- ThreeFlow leverages AI and data insights to improve decision-making processes.
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Funding
Total Funding
$54.3M
Meets
Industry Average
Funded Over
3 Rounds
AccelIndustry standards
Benefits
Health Insurance
401(k) Retirement Plan
Paid Vacation
Paid Parental Leave
Home Office Stipend
Professional Development Budget
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↓ -9%VBA brokers can leverage ThreeFlow's Benefits Placement System to simplify the benefits decision process . .
Vision Benefits of America, Inc. (VBA), a commercial group benefits organization, announced its participation with ThreeFlow to provide brokers with a way to simplify their new business RFP and renewal process.
ThreeFlow raised an $8 million Series A round in January.
ThreeFlow, a Chicago, IL-based provider of an enterprise software platform that allows brokers and carriers to manage the entire placement process in one shared system, raised $45m in Series B funding. The round was led by Accel, with participation from existing investors Emergence Capital, Equal Ventures, and First Trust Capital Partners. The company intends to [] The post ThreeFlow Raises $45M in Series B Funding appeared first on FinSMEs.
ThreeFlow, which provides software for insurance brokers selling employee benefits, announced today that it raised $45 million in Series B funding. New investor Accel led the round alongside existing investors Emergence Capital, Equal Ventures and First Trust Capital Partners. The Chicago-based company, formerly known as WatchTower, raised $8 million for its Series A round in […]
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About ThreeFlow
Industries
Enterprise Software
Fintech
Company Size
51-200
Company Stage
Series B
Total Funding
$54.3M
Headquarters
Chicago, Illinois
Founded
2015
There are no jobs for ThreeFlow right now.
Find jobs on Simplify and start your career today