Cake, led by CEO Adam Bowe and based in Indianapolis, IN, operates a transactional marketplace enabling independent insurance agents to obtain instant valuations of their assets via a machine-learning-powered Book Valuation tool. The platform connects agents with valuation and transactional services and plans to broaden its offering to include in-platform lending and legal support. Cake intends to use new funding to further improve its platform and to ramp up customer acquisition. The company raised $1.3M in a Pre-Seed financing to support these product and go-to-market initiatives. No operating metrics (revenue or users) were disclosed in the article. The raise involves industry-specific strategic partners alongside institutional investors.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2024