Tech Company Financing Transactions
Converge Insurance Funding Round
ForgePoint Capital participated in a $15 million Series A funding round for Converge Insurance. The round was announced on 8/1/2023.
Transaction Overview
Company Name
Announced On
8/1/2023
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series A
Investors
ForgePoint Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate expansion of platform functionality, and expand go-to-market and insurance capacity.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
165 Broadway, 23rd Floor
New York, NY 10006
USA
New York, NY 10006
USA
Phone
Website
Email Address
Overview
Converge fuses cyber insurance, security, and technology to provide businesses with clear, confident cyber protection. Deploying a proprietary data ecosystem underpinned by expert underwriting, we provide risk solutions that deliver high value strategies with improved outcomes for small to medium businesses. We believe that insurance needs the right elements and personalized approach to mitigate risk. By partnering with our policyholders, we precisely formulate what their businesses need so they can become confidently cyber secure.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Kang
Co-Founder
Steven Petrevsk
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