New York based insuretech company Wellthie has raised $5m in Series A funding led by IA Capital Group. Wellthie offers leading broker and carrier shopping tools to simplify insurance distribution for small businesses and individuals.
The announcement comes as the insurance industry undergoes massive technological transformation, driven by the need for simple, data-driven, and engaging customer experiences. Wellthie – the insurance technology company offering leading broker and carrier shopping tools to simplify insurance distribution for small businesses and individuals – received $5 million in a Series A round of financing. IA Capital Group led the investment round with participation from existing and new investors, including Aflac Ventures and top insurance industry executives. The company will use the funds to accelerate its nationwide growth and product development. Andy Lerner, Managing Partner of IA Capital, joins Wellthie’s Board of Directors along with Mike Battaglia, former Chief Consumer Officer at Humana.