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TowerIQ

company

About

TowerIQ is a broker first platform that brings transparency to insurance markets.

  • 11 - 50

Highlights

Total Funding Amount
$6.50M
Funding Rounds
3
Investors
3

Details

Last Funding Type
Series A
Last Funding Money Raised
$4.50M
Industries
FinTech,Insurance,Software
Founded date
Jan 1, 2017
Number Of Employee
11 - 50
Operating Status
Active

TowerIQ is a broker first platform that brings transparency to insurance markets. The company seamlessly brings clients from application to binding by augmenting broker expertise with a low touch technology platform that distributes ingestible data directly to any carrier. This frees brokers and agents to focus their efforts on solving the business challenges facing the clients that allow them to win more business and improve client retention.

TowerIQ was founded in 2017 and is headquartered in Boston, Massachusetts.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$6.50M
TowerIQ has raised a total of $6.50M in funding over 2 rounds. Their latest funding was raised on Jun 8, 2020 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 8, 2020 Series A $4.50M 2 — — Detail
Jul 16, 2018 Seed $2M 1 — — Detail
Jan 30, 2018 Non-Equity Assistant — 1 DCU FinTech Innovation Center — Detail

Investors

Number of Lead Investors
Number of Investors
1
3
TowerIQ is funded by 3 investors. DCU FinTech Innovation Center and Vestigo Ventures are the most recent investors.
Investor Name Lead Investor Funding Round
DCU FinTech Innovation Center Yes Non-Equity Assistant
Vestigo Ventures — Series A
General Catalyst — Series A
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