ThreeFlow

ThreeFlow

Insurtech software for broker-carrier collaboration

About ThreeFlow

Simplify's Rating
Why ThreeFlow is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Financial Services

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) for the insurance industry that helps brokers and carriers work together on employee benefits. It is a shared, end-to-end platform that handles data collection, underwriting review, client presentations, and implementation, with real-time visibility across the workflow. The system is designed specifically for the benefits market and supports renewals and new business, using AI and data insights to improve collaboration and decision-making. Unlike generic software, ThreeFlow focuses on the broker–carrier–employer ecosystem with a subscription model to deliver seamless, coordinated outcomes for mutual clients.

Simplify Jobs

Simplify's Take

What believers are saying

  • Raised $45M Series B led by Accel in 2023 to scale operations.
  • Partners with VBA and Beam Dental expand broker adoption.
  • AI extracts data from documents, auto-populates plans from Blue Cross Blue Shield.

What critics are saying

  • Zywave's AMS360 dominates workflows, caps ThreeFlow market share at 10%.
  • AI fails on mid-market underwriting, erodes carrier trust and triggers churn.
  • OpenAI agents launch mid-2026, render BPS obsolete and wipe subscriptions.

What makes ThreeFlow unique

  • ThreeFlow created the first Benefits Placement System for brokers and carriers.
  • BPS handles end-to-end placement from data collection to implementation.
  • Integrates with AMS, Salesforce, HubSpot, and carrier systems seamlessly.

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Funding

Total Funding

$54.3M

Meets

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$45M
ThreeFlow
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

401(k) Retirement Plan

Paid Vacation

Paid Parental Leave

Home Office Stipend

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Newswire
May 17th, 2023
Vision Benefits Of America Announces Participation With Threeflow

VBA brokers can leverage ThreeFlow's Benefits Placement System to simplify the benefits decision process . .

PressRelease.com
May 17th, 2023
Vision Benefits of America Announces Participation With ThreeFlow | PressRelease.com

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.

The Business Journals
Nov 30th, 2021
Chicago Inno

ThreeFlow raised $45 million in a Series B round led by the prominent Silicon Vally VC firm, along with Emergence Capital, Equal Ventures and First Trust Capital Partners.

FinSMEs
Nov 30th, 2021
Threeflow Raises $45M In Series B Funding

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.

TechCrunch
Nov 30th, 2021
ThreeFlow raises $45M to scale its employee benefits placement software

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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