Layr raises $10M to democratize digital experiences for insurance brokers and agents
Summary
Layr, the insurtech startup using artificial intelligence and machine learning to help brokerages and agencies efficiently manage their small commercial books, today announces $10M in Series A funding. The round was led by HSCM Ventures, with participation from MGV, Sandbox Industries, Flyover Capital, and Hannover Digital Investments. Additionally, Layr works without an API, meaning agencies can immediately integrate its services with existing analog workflows. This serves their clients better and makes existing workflows more efficient,” said Phillip Naples, Layr Founder, and CEO. “This funding round will enable the amazing team at Layr to maximize brokerages profitability and deliver the optimal experience for their insureds, and I’m extremely proud of our work!” “Layr helps weaponize its partner agents with immediate quotes and faster underwriting,” said Brandon Baron, Vice President at HSCM.