Tech Company Financing Transactions
reThought Insurance Funding Round
reThought Insurance closed a $15.5 million Series A investment round on 8/3/2021. Backers included Telstra, ArcTern Ventures and Hudson Structured Capital Management.
Transaction Overview
Company Name
Announced On
8/3/2021
Transaction Type
Venture Equity
Amount
$15,500,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand sales team, technology, research and development and growth in the flood insurance market.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
11001 W 120th Ave.
Broomfield, CO 80021
USA
Broomfield, CO 80021
USA
Phone
Website
Email Address
Overview
reThought Insurance was founded in 2017 by insurance and insurance technology professionals and is a technology-centric Managing General Agent (MGA) focused on US Commercial Flood. As an MGA, reThought offers Commercial Flood insurance on behalf of A-rated A.M. Best rated carriers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Cory Isaacson
VP - Sales
James Rice
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