Tech Company Financing Transactions
Layr Funding Round
Layr closed a $5 million Seed venture capital round on 7/2/2020. Investors included Sandbox Industries, Flyover Capital and Lloyd's of London.
Transaction Overview
Company Name
Announced On
7/2/2020
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
Sandbox Industries (Lead Investor) (Chris Zock)
Flyover Capital (Keith Molzer)
Proceeds Purpose
The company intends to use the funds to expand the use of Artificial Intelligence and machine learning for the next version of its cloud insurance platform which will offer business owners expanded, intelligent recommendations for insurance policies and coverage limits tailored to their company while virtually eliminating the business insurance application process.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
75 5th St. NW 2250
Atlanta, GA 30308
USA
Atlanta, GA 30308
USA
Phone
Website
Email Address
Overview
We are redefining the way businesses purchase and manage their commercial liability insurance by giving control of the process back to the business owner. Our entire team is determined to make high quality commercial insurance easily accessible and affordable for the more than 25 million small businesses throughout America.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Phillip Naples
VP - Product Management
Andrew Egenes
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Our team works diligently to record all VC transactions involving tech companies. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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