Trellis Technologies

Trellis Technologies

Simplifies personal insurance comparison and purchasing

About Trellis Technologies

Simplify's Rating
Why Trellis Technologies is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Early VC

Total Funding

$15M

Headquarters

San Francisco, California

Founded

2019

Overview

Trellis Connect simplifies the process of finding, comparing, and purchasing personal insurance, such as auto and home insurance. Its main product, Savvy, is a platform that allows users to quickly and securely share their insurance information, providing clear recommendations in under 60 seconds. This makes the insurance purchasing process faster and more efficient. Trellis Connect stands out from competitors by offering an API that serves as a prefill solution, enabling other applications to integrate its technology for a seamless insurance experience. The company's goal is to enhance the user experience in the complex U.S. insurance market, benefiting both consumers and business partners like insurance companies and financial service providers.

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Simplify's Take

What believers are saying

  • Increased demand for digital insurance solutions boosts Trellis's market potential.
  • Embedded finance trends allow Trellis to expand partnerships and API integrations.
  • Focus on data privacy aligns with growing consumer trust and regulatory standards.

What critics are saying

  • Rising competition from new insurtech startups may dilute Trellis's market share.
  • Data privacy concerns could impact user trust and regulatory compliance.
  • Economic downturns may reduce consumer spending on insurance products, affecting revenue.

What makes Trellis Technologies unique

  • Trellis Connect uses consumer-permissioned data for secure, personalized insurance recommendations.
  • The Savvy platform offers insurance recommendations in under 60 seconds.
  • Trellis's API enables seamless integration into partner platforms for a native insurance experience.

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Funding

Total Funding

$15M

Meets

Industry Average

Funded Over

2 Rounds

Notable Investors:
Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Competitive salary + bonuses + equity opportunities

Unlimited PTO

100% employer-paid insurance

401K plan

Annual in-person retreats

Growth & Insights and Company News

Headcount

6 month growth

↓ -1%

1 year growth

↓ -7%

2 year growth

↑ 4%
Elephant
Sep 7th, 2022
Elephant Insurance Services, LLC. partnered with Trellisconnect on Sep 7th 22'.

Elephant Insurance, a Virginia-based, digital-first auto insurance company, today announced a new partnership with Trellis, an insurtech enabling financial institutions, fintechs, and other partners to offer embedded insurance through its Savvy platform.

Coverage
May 18th, 2022
Trellis Announces Investment From Amex Ventures

Trellis helps partners integrate insurance as part of their suite of financial offerings. The post Trellis announces investment from Amex Ventures appeared first on Coverager - Insurance news and insights.

II Reporter
Jan 18th, 2022
RepairPal, Inc. partners with Trellisconnect

RepairPal, a San Francisco-based auto repair network marketing a proposition of high quality and fair prices, has announced a partnership with Trellis (San Francisco), the company pitching a simpler, safer insurance shopping experience to streamline car insurance decisions for consumers, and ultimately help them find the right policy for the best price.

Coverage
Jun 3rd, 2021
Trellis raises $10 million

Trellis has raised $10 million in Series A funding led by QED Investors with participation from existing investors NYCA Partners and General Catalyst.

Business Wire
Jun 3rd, 2021
QED Investors invested into Trellisconnect in $10M on Jun 3rd 21'.

Insurance technology platform Trellis Technologies, Inc., announced today it has raised $10 million in Series A funding led by QED Investors with participation from existing investors NYCA Partners and General Catalyst.

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