Briza provides a commercial insurance-as-a-service API that aggregates carrier quote, bind and payment capabilities into a single unified API to empower developers to build insurance experiences. The company has agreements with 11 commercial insurers, including Liberty Mutual, Berkshire Hathaway Guard, CNA, Hiscox, AmTrust, Markel, EMPLOYERS, Crum & Forster, Acuity, Coalition and Coterie. Briza plans to use the $8M Series A to double the size of its engineering team, deepen insurer API integrations and increase the supply of insurance markets available to insurance retailers, wholesalers and developers. The round brings total funding to date to $11M. Briza was part of 500 Startups Batch 26 in winter 2020 and is led by CEO Ben Munro and CTO Rishi Sharma. The company has 25 employees and is based in Austin, Texas. Briza.io provides an insurance-as-a-service API that lets customers get quotes, pay online, and have insurance policies issued instantly. The platform connects insurance underwriter systems to agencies and enables any app to sell carrier insurance with a few lines of code. Briza positions itself as analogous to Stripe or Plaid for commercial insurance procurement. The company reports partnerships with four carriers, including Crum & Forster, Hiscox, Markel, and Coalition. More than 100 insurance agencies have signed up for its closed beta across the United States. Briza is led by founder and CEO Ben Munro (20 years of insurance experience), along with Rishi Sharma and Dom Bortolussi; it was founded in 2016 and is based in Toronto, Canada. The company has announced it has closed another round of funding, bringing total funding to $3 million.

Total raised

$11M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2021