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Embroker
Digital business insurance platform
- 201-500 employees
- Fintech
- B2B
- Artificial Intelligence
- Insurance
- Machine Learning
- 24 Shotwell Street, San Francisco, CA 94103, USA
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Company mission
To protect what is dearest to business owners in the smartest way possible by creating a community of innovators, rebels and creatives.
Otta's take
Xav Kearney
CTO of Otta
Traditionally, insurance has lagged behind other financial services industries when it comes to new technologies. Embroker was founded to try and modernise the $800 billion property and casualty (P&C) insurance market.
The digital business insurance platform utilizes modern tech like machine learning and AI to make business policies better suited and more affordable to its customers. Embroker has secured its status as one of the leading commercial insurance brokers on the market and serves more than 25,000 businesses.
While the company has been a broker since its inception, Embroker announced its intentions to become a fully-fledged insurance carrier, following in the footsteps of its insurtech competitor Next Insurance. Its Series C financing round saw Embroker nab $100 million in new funds which have fueled its expansion and new product launches.
Benefits
- Unlimited Time Off
- Flat Hierarchy
- International Environment
- Work-Life Balance
- Dynamic Culture
- Full Health Benefits
- High Degree of Autonomy
- Fast Paced
Company values
- Original
- Action-Driven
- Collaborative
Funding (last 2 of 5 rounds)
Jun 2021
$100m
SERIES C
Apr 2019
$28m
SERIES B
$170.4m
Total funding
Founders
Matt Miller
(Board Member)Studied English at Duke and obtained an MBA from Stanford. Was an Associate Consultant at Bain before becoming Vice President of Bain Capital in 2007. Sat on the board of directors of HUB International and served as Principal of Hellman & Friedman.