Veruna is an Austin, TX–based provider of an agency management system natively designed on Salesforce’s CRM platform. The platform offers predictive analytics, no-code configurability, and a Customer360 solution intended to elevate revenue, efficiency, and customer experience. Led by CEO Jennifer Carroll, Veruna targets both agent-assisted and straight-through digital processing workflows. The company plans to launch new predictive analytics features and expand its global footprint. With the Series B funding, Veruna intends to accelerate product development and growth across engineering, sales, marketing, and customer success. Veruna is a Hopkinton, MA-based developer of an agency management system (AMS) built on the Salesforce/Force.com platform. Founded in 2015 and led by CEO Jennifer Carroll, the company provides configurable AMS tools for insurance agencies and MGAs to capture unique value propositions and integrate with numerous solutions. Its product creates automated tasks and reminders for managing customer relationships, remarketing lost business, and expanding coverages. The platform supports workflows for quoting, binding, submissions, and accounting. Veruna raised $6M in new equity financing and plans to use the funds for ongoing product improvement efforts. Planned enhancements will focus on additional new-business workflows and capabilities for agents and brokers. Veruna offers a cloud-based agency management system built on Salesforce that targets independent insurance agents and replaces legacy management systems. The product includes a full suite of functionality and a refined, seamless onboarding path developed over the past 24 months. The company has focused recent efforts on building a best-of-breed system and preparing for faster growth. Veruna plans to use new funding to build brand awareness, drive new sales, and expand operations. Management anticipates doubling its client base over the next year as it scales. The company was founded in 2015 and is based in Hopkinton, Mass., described as Boston-based in the announcement.

Total raised

$22M

Funding rounds

3

Latest round

Series B

Latest activity

Oct 2023