Semsee Announces Series B Led by 01 Advisors
Summary
NEW YORK, Feb. 23, 2022 /PRNewswire/ -- Semsee, the go-to platform for selling commercial insurance, today announced it has raised a Series B funding round led by Dick Costolo and Adam Bains 01 Advisors, with participation from existing investor the D. E. Shaw group, through its venture studio DESCOvery. "By leveraging data and technology, Semsee is changing the way small business insurance is bought and sold in a market that has traditionally been very inefficient," said Adam Bain, managing partner and co-founder of 01A. "Semsee is transforming the small commercial market—its so exciting to see the progress as more agents and insurance companies recognize the value," said David Shainok, Managing Director at the D. E. Shaw group. "Were very excited about the next phase of Semsees growth, especially as it couples rich data with a world class user interface and tools, creating the most complete insurance buying experience in the market." Inspired by the promise of the original SEMCI initiative, Semsee combines advances in technology, workflow efficiencies and data and analytics to give agents fast, accurate quotes from multiple appointed carriers through a single-form submission.