Patra offers a curated suite of technology-enabled process management solutions purpose-built for brokers, wholesalers, carriers and MGAs, supported by its proprietary platform, PatraOne. Its services combine technology and insurance expertise to automate and digitize policy and administrative workflows, reducing cost, improving speed and increasing accuracy. Patra supports a 5,000-plus network of global insurance specialists and has reported 16 consecutive years of revenue, employee and customer growth since its founding in 2005. The company positions itself as a turn-key provider that can integrate technology with human capital to support scale, acquisitions and productivity improvements. Patra plans to use new capital to drive market expansion and accelerate deployment of automation and digitization technologies across its offerings. Leadership emphasizes continuing to introduce new products and services to deepen penetration in target insurance markets. Patra is an El Dorado Hills, Calif.-based provider of technology-enabled solutions for the insurance industry. The company offers technology-enabled solutions that support insurance organizations as they sell, deliver, and manage policies and customers. Patra is led by John Simpson, CEO and Founder. The company received a strategic investment from SkyKnight Capital and other investors; the amount was not disclosed. Patra intends to use the funds to continue to expand operations and its business reach. No operating metrics or revenue figures were disclosed in the article.

Total raised

$146M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2022