Tech Company Financing Transactions
EvolutionIQ Funding Round
EvolutionIQ, based in New York, secured $33.1 million in investment from Brewer Lane Ventures, First Round Capital and FirstMark Capital.
Transaction Overview
Company Name
Announced On
2/28/2023
Transaction Type
Venture Equity
Amount
$33,100,000
Round
Undisclosed
Investors
Brewer Lane Ventures (Lead Investor) (John Kim)
Proceeds Purpose
The proceeds will be used to continue to expand the company's engineering, data science, product, and customer success teams and to expand internationally. In 2022 the company more than doubled its AI team, hiring top talent from Amazon, Google, Bloomberg, Meta, and Palantir, and now has more than 100 employees.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
336 West 37th St 200
New York, NY 10018
USA
New York, NY 10018
USA
Phone
Undisclosed
Website
Email Address
Overview
EvolutionIQ is powering the next wave of the insurance industry. We use data to create better outcomes for clients, carriers and employees. Our Vision is to power the data-driven insurance revolution, enabling carriers to use all available data to deploy the lessons of the past directly to the front lines, making claims handling better, fairer and faster.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tom Vykruta
Chief Operating Officer
Mike Saltzman
President
Jonathan Lewin
VP - Engineering
Karan Uppal
VP - Marketing
Jason Kapler
VP - Product Management
Benjamin Berry
VP - Sales
Alexander Young
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