Two Prominent Carriers Join Existing Investors to Scale Operations
HOPKINTON, Mass.–Veruna, a Boston-based InsurTech developer of the Salesforce-based agency management platform, today announced the completion of a $6M Series A funding round. The round included participation from two prominent insurance carriers.
Founded in 2015, Veruna offers a cloud-based agency management system built on Salesforce that targets independent agents. Product features include a full suite of functionality that replaces existing legacy management systems and guides agencies on to a more modern platform. The company has focused the past 24 months on building out its best-of-breed system and refining a seamless onboarding path for agencies in preparation for faster growth. The new funds will be used to fuel the next stage of expansion for the company.
“We are excited for the next chapter for Veruna,” stated Bob Scullin, CEO, Veruna. “The work we have completed over the past year or so has set the foundation for our next phase, which includes building brand awareness to drive new sales and expanding operations as we anticipate doubling our client base over the next year.”
Veruna is the result of years of frustration with “good enough” insurance industry technology. With both its new agency management solution built on Salesforce.com and its leading consultancy services, Veruna is the first agency management system provider to offer an AMS designed to meet the needs of the modern insurance agency through true customization and integration. Veruna is challenging independent insurance agents to walk away from the status quo and embrace change and is committed to them to grow their businesses by changing the way they do business. For more information, visit veruna.com.