Corvus Raises $4M in Seed Funding
Summary
Corvus, a Boston, MA-based insurtech startup, raised $4m in seed funding.The company intends to use the funds to continue to develop innovative commercial insurance products.Led by Founder and CEO Phil Edmundson, who previously built a top 50 tech-focused commercial insurance brokerage and sold it to Arthur J. Gallagher (NYSE:AJG) in 2015, Corvus partners with major insurers and acts as a Managing General Agency (MGA) to create broker-distributed, tech-enabled commercial insurance products.The company tech-enables its insurance products by utilizing novel data sources to inform underwriting and provide ongoing loss prevention recommendations and business intelligence.It allows brokers and policyholders to on-demand access to policy information, claims reporting, loss prevention recommendations and business intelligence.