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Sayata Labs: Raises $17M in Series A Funding | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Sayata Labs: Raises $17M in Series A Funding

Sayata Labs Raises $17M in Series A Funding

  • Sayata Labs, a Boston MA-based company marketplace for insurance brokers and carriers, raised $17M in Series A funding
  • The round was led by Team8 Capital and Vertex Ventures with participation from Elron, Kamet and OurCrowd
  • The company intends to use the funds to accelerate growth and expand operations
  • SayataLabs provides a platform that streamlines the quote-bind-issue process allowing insurance professionals to place more insurance policies in less time
  • The company provides an end-to-end technological solution along with educational tools, giving partners the ability to grow their book quickly and efficiently
  • The company has seen growth, doubling gross written premium every quarter to date, with millions of dollars in monthly premiums already

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