Relay Platform
325 Front Street West, 4th Floor, Toronto, Ontario, M5V 2Y1, Canada
Overview
Relay Platform offers a white‑label property & casualty (P&C) portal that sits atop traditional policy administration systems and is used daily by retail and wholesale brokers and cedents. The platform aggregates quotes from carriers, MGA‑MGUs, and reinsurers from any source or format and delivers dynamic, fully customizable client‑ready proposal documents. Quotes can originate from human underwriters or automated instant‑quoting systems, enabling both high‑ticket and high‑volume placements. Current implementations cover Cyber, Executive Risk, Professional Liability, Commercial Property, Private Clients, Terrorism, Financial Institutions, and Surety. Customers use Relay to secure competitive quotes in hardening markets, remarket business profitably, boost quote‑to‑bind ratios and renewal rates, and streamline placements to improve margins and extend market reach. Financially, Relay raised $5.2 million in seed financing led by Drive Capital with participation from Highline Beta, bringing total funding to $8.25 million.
- Total raised
- $5M
- Funding rounds
- 1
- Latest round
- Seed
- Latest activity
- May 2021
Industries
- Commercial Insurance
- Insurance
- InsurTech
- Software
Recent funding
Seed
May 2021
$5M