London's Send Technology Solutions is seeking further UK expansion as well as growth in the US following a recent £9 million series A raise for its streamlined underwriting software for insurance professionals.
Insurance underwriters handle giant inflows of data which means they're attractive customers for a wave of cloud software entrants which promise to let them use that data for customer relationship management, fraud prevention and claims processing.
Send started off in 2017 with three co-founders - Ben Huckel, Matt McGrillis and Andy Moss - who met while employed for an insurance tech provider.
With their cloud software product, the founders have tried to tailor the UX to commercial and specialty insurance underwriters, automating much of the time-consuming admin and collating info from policy holding accounts into a single dashboard.
This series A raise is the startup's first external funding and has been earmarked for refinements to the core product, as well as ramping up its sales efforts and adding to its 60-person team.
The investors are Mercia's North Venture Capital Trust funds and Parisian VC Breega.
Send CEO Andy Moss claims the startup has "the most advanced underwriting workbench on the market."
"The funding will enable to build on our first-mover advantage, scale up the business and establish Send as the market-leading underwriting software platform," Moss said.
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