Announcing our $4m seed led by Gradient Ventures
Summary
Over $13B is lost each year from uninsured motorists, and mortgages and auto loans are prohibitively expensive for many borrowers. This leaves high-risk organizations, such as rental car companies, lenders, and gig services, struggling to accurately assess risk and make informed decisions at scale.Thats where Axle comes in. The round also included continued investment from Y Combinator and participation from Soma Capital, Contrary Capital, Rebel Fund, BLH Ventures, and industry angels including members of the founding team of Plaid and former executives from Cox Automotive.As founders, fundraising in this environment is a competitive process. Were excited to work with Gradient and the rest of our new investors as we embark on our next chapter \U0001f680.Were proud to say that in less than a year since launching, weve grown our carrier network to hundreds of insurance carriers and support a range of policy information including term, insureds, premiums, third parties and many more.We plan to use the funds to grow our team, enabling us to service new and existing demand from our fast-growing list of customers, strengthen our carrier network, and expand into new markets. Building a robust and accurate platform around unstructured data has its unique challenges, but were excited to leverage the latest tools to offer leading accuracy and reliability.If youre a prospective client, please reach out to us to get started integrating our developer-friendly API, or using one of our low-code or no-code options.If youre a prospective team member, check out our job board for open roles and to learn more about our team.