Tech Company Financing Transactions
Veruna Funding Round
On 3/8/2021, Veruna received $6 million in financing from EMC Insurance Companies, Keystone Bank and private investors.
Transaction Overview
Company Name
Announced On
3/8/2021
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Undisclosed
Investors
EMC Insurance Companies (Lead Investor)
Keystone Bank (Lead Investor)
Proceeds Purpose
The company intends to use the funds for the ongoing product improvement efforts which will focus on additional new business workflows and capabilities for agents and brokers and around quoting, binding, and submissions, and accounting.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
35 Parkwood Dr. 100
Hopkinton, MA 01748
USA
Hopkinton, MA 01748
USA
Phone
Website
Email Address
Not Recorded
Overview
Veruna is the result of years of frustration with 'good enough' insurance industry technology. With both its new agency management solution built on Salesforce.com and its leading consultancy services, Veruna is the first agency management system provider to offer an AMS designed to meet the needs of the modern insurance agency through true customization and integration.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Robert Scullin
Co-Founder
Randy Davis
Co-Founder
Mark Linton
Co-Founder
Matthew Mountain
Founder
Jonathan Lincoln
Browse more venture capital transactions:
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Where The Data Comes From
Our team works diligently to document every notable VC transaction. All VC database entries reported here are sourced from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
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