Foxquilt Announces $8M Series A Round to Provide Customized Insurance for SMBs
Summary
Foxquilt’s driving mission is to ease the burdens faced by small business owners and create a more transparent and valuable means for securing commercial insurance. Whether you’re a sole proprietor or part of a larger enterprise network or marketplace, our technology-powered suite of products is made to digitize the insurance process and take one thing off an overfilled plate,” said Mark Morissette, CEO and Co-founder of Foxquilt. The Foxquilt platform harnesses AI technology to identify and match business owners to the à la carte policies that cover exactly what is needed, saving them money year-over-year. “Of all the solutions we looked at, Foxquilt was by far the best one for SMBs and, given that they design their own insurance products and underwriting process, they can save their customers time, risk and money,” said David Nault, General Partner of Luge Capital. The company uses a combination of data analytics and artificial intelligence to recommend the best insurance coverage and price to meet the individual needs of its small business customers.