- Agentsync announces a new funding round worth $6.7 million.
- The financing event, led by well-known SaaS founder David Sacks’ Craft Ventures.
- The funding was raised via a SAFE note instead of a priced equity investment.
- The investment raised at a cap of around 4x its previous conversion ceiling.
AgentSync, an insurtech startup focused on agent compliance management, announced a new funding round worth $6.7 million.
The financing event, led by well-known SaaS founder David Sacks’ Craft Ventures, included dollars from both Operator Collective and prior investors.
The new capital will help AgentSync move faster, with the co-founder saying that it is pulling into 2020 hires earmarked for next year. He added that this most recent fundraising cycle consumed far less time than the round that preceded it.
What is Agnetsync?
AgentSync is where Producer Management & Compliance meet smart technology & automation.
AgentSync is a powerful, easy-to-use Compliance as a Service solution. We directly integrate regulatory database sources of truth (i.e. NIPR, FINRA) w/ core business systems (i.e. Salesforce) so we can automate the critical business processes associated with these compliance requirements.
New-school solution tackling an age-old, ubiquitous problem with smart technology & automation in a market full of old-school, inefficient, high-cost solution options – spreadsheets, manual processes, legacy software, more headcount, outsourcing, etc.
AgentSync was founded in 2018 and is headquartered in Denver, Colorado, USA.
Why Agentsync for new funding round?
AgentSync is modernizing the tools and infrastructure powering the insurance industry. Recently, it raised $6.7m in seed extension funding round.
This funding brought total funds raised to date to $11.1m. This was led by David Sacks’ Craft Ventures, with participation from Operator Collective and several prior investors.
The company intends to use the capital to grow the team, focus on product development to build new solutions that create operational efficiencies and reduce compliance risk for agencies, carriers, and MGAs, and scale the business.
Future products will include broker insight and recruiting tools to help customers identify their broker ‘white space’ based on their ideal broker profile, and acquire brokers as partners to distribute their insurance products.
