Indio Technologies builds a workflow management platform that provides web-based solutions to streamline the business insurance application process for agencies and brokerages. Founded in 2016 by Adam Bratt and Mike Furlong and based in San Francisco, the company serves over 250 insurance brokerages that process thousands of business clients through the Indio platform each month. Indio has raised more than $30 million in total funding and has over 50 employees. The company plans to use the newly raised capital to continue expanding operations and broaden its business reach. Recent hires include Mark Costigan as VP of Finance and Scott Bordenave as Head of Talent Acquisition. The platform aims to improve client experience and increase efficiency for insurance agencies. Indio Technologies provides a management software platform for property and casualty insurance providers to help brokers win more business, improve retention and save time. The platform digitizes and unifies the entire data collection process, enabling brokers to deliver a fully digital client experience. The company plans to use the new funds to enhance and streamline the underwriting process. Indio was founded in 2016 by Michael Furlong, Adam Bratt and Matt Watson and is based in San Francisco, CA. Financially, the company has raised over $8 million in venture financing from investors including 8VC, NEA and Merus Capital. The recent transaction is a minority investment from NFP Ventures. Indio provides a web-based workflow management platform that moves paper-driven commercial insurance processes online, enabling brokers and agents to collect application and renewal data digitally. Its tools streamline workflows and free insurance professionals from routine tasks so they can focus on client-facing activities and complex risk management. The company has seen strong industry reception and aims to expand the capabilities of its digital platform and increase market share. Indio says its platform improves customer experience and operational efficiency for commercial insurance agencies across the U.S. The company was founded in 2016 and is based in San Francisco. Financially, Indio has raised venture financing totaling $8 million to date. Indio provides traditional brokers with a workflow management platform that automates the manual processes of retrieving quotes from different carriers and processing insurance applications from clients. The platform reduces the operational overhead required to run an insurance agency and allows brokers to focus on sales and relationship management. The company is based in San Francisco and was founded by Paul Butler, Michael Furlong and Matthew Watson. Indio secured $2M in seed financing to support growth. Investors in the round included New Enterprise Associates, Compound, Merus Capital, 500 Startups and insurance carrier Hiscox. The company intends to use the funds to grow its user base and platform.

Total raised

$28M

Funding rounds

4

Latest round

Series B

Latest activity

May 2019