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Pathpoint Inc. said Tuesday that it has raised $30 million in series A funding, its third round of financing since the company’s founding.
Investors in the San Francisco-based digital excess and surplus distributor include Caffeinated Capital, which led the round, and repeat backers including SciFi VC, Founders Fund and Chubb Ltd. Hiscox Ltd. and other leading insurers also participated, the statement said Tuesday.
Pathpoint’s online platform, launched in late 2020, offers retail agents property/casualty and professional lines products from 10 insurers.
Proceeds from the funding will be used to further invest in software engineering and research and development and invest in growing and scaling distribution, the statement said.
Pathpoint Inc. on Tuesday launched an online submission and instant quoting service for contractors general liability excess and surplus coverage.