AgentSync builds modern insurance infrastructure that connects carriers, agencies, MGAs, and producers. Its solutions provide data intelligence and streamlined onboarding and compliance management, reducing costs, increasing efficiency, and getting producers ready to sell in hours instead of weeks. Founded in 2018 by Niranjan 'Niji' Sabharwal and Jenn Knight and based in Denver, Colorado, the company works with more than 200 insurance companies across carriers, MGAs, and agencies and covers all lines of insurance. Since raising a Series B in Q4 2022, AgentSync has seen 3x ARR growth and more than 2x customer growth. The company raised $50M in its most recent funding round and plans to use the funds to expand its development efforts. Total capital raised now stands at $161M. AgentSync builds API-based infrastructure for the U.S. insurance industry, originally routing broker license data between parties and expanding into broker recruiting data and other products. The company launched three new products in the last year. It said it will invest heavily in product, sales, marketing and engineering hiring—planning to double its sales org, quadruple marketing and double product and engineering headcount. Financially, AgentSync closed a $75 million Series B at a $1.2 billion valuation and had roughly $28 million in the bank prior to the round; TechCrunch estimated the company finished the raise with around $100 million in cash. Reported operating metrics include zero customer churn and 169% net dollar retention. Public ARR estimates reported in coverage show growth from roughly $1.9M (Aug 2020) to an estimated $10.5M–$14M (Dec 2021). AgentSync offers AgentSync Manage, a tech-forward producer management system built on the Salesforce platform with direct integration to the National Insurance Producer Registry (NIPR). The product uses automation and technology to help carriers, agencies, and MGAs scale and manage producers. Customers include Hippo Insurance, Lemonade, Hub International, Embroker, iptiQ (a subsidiary of Swiss Re), Beam Dental, Centene, and Rippling. Founded in 2018 by Niranjan “Niji” Sabharwal and Jenn Knight and based in Denver, Colorado, the company focuses on streamlining onboarding and compliance workflows. AgentSync will use the funding to accelerate product development and build its comprehensive producer management solution. The Series A valued the company at $220M. AgentSync modernizes the tools and infrastructure powering the insurance industry by offering a compliance-as-a-service platform that tracks insurance broker licensing data for carriers and agencies. The platform integrates with the National Insurance Producer Registry (NIPR) to verify and process licensing information. Founded in 2018 and based in Denver, Colorado, AgentSync plans to use its latest funding to grow the team and accelerate product development. Future products will include broker insight and recruiting tools to help customers identify broker 'white space' and acquire brokers to distribute their insurance products. The company aims to build solutions that create operational efficiencies and reduce compliance risk for agencies, carriers, and MGAs. To date AgentSync has raised $11.1M, including the recent $6.7M seed extension. AgentSync offers compliance-as-a-service built on the Salesforce platform to help insurance carriers and agencies track broker licensing data and integrate with National Insurance Producer Registry (NIPR) information. The product automates agent onboarding and generates compliance analyses to surface gaps and data errors, replacing spreadsheet-based workflows. The company was founded by Jenn Knight and Niji Sabharwal out of an internal Zenefits licensing project; Zenefits signed the IP to the founders before AgentSync wrote any code. AgentSync charges customers per active agent with pricing tiers based on scale. At the time of publication the startup had scaled to $1.9 million in ARR and employed 17 people, targeting 22 by year-end. Post-fundraise the company is investing in its go-to-market functionality.

Total raised

$161M

Funding rounds

5

Latest round

Series B

Latest activity

Oct 2023