InsurTech NY’s Post

There is plenty of time left to apply for the 2024 FIRE Accelerator Cohort focused on Insurance Technology presented by Erie Insurance Group and ValueMomentum! This is your chance to be at the forefront of the US insurance industry's emerging tech trends. We are looking for innovative solutions that: • Promote insurance value chain optimization—product, underwriting, billing, claims, distribution, etc. • Improve data analytics and insights • Increase operational efficiency—task automation, process digitization, etc. • Enhance the customer-agent-insurance provider relationship • Enable talent optimization Our alumni have secured over $500M in follow-on funding and grow revenues to over $60M annually. They've secured partnerships and investments with Fortune 500 companies, educational institutions, and top manufacturers. Many have also participated in prestigious programs like YCombinator, TechStars, Plug and Play, 500 Startups, and Mass Challenge. Don’t miss this incredible opportunity to elevate your startup to the next level. Apply now and be part of a transformative journey! More details and application links are in the comments! #insurance #insurtech #accelerator #startup #ErieInsurance #ValueMomentum #Erie #entrepreneurship

What’s old is new again – and we’re embracing a new tradition of celebrating activity in the digital startup world. We're thrilled to announce that several innovative startups have recently secured significant funding! These companies are making waves in their respective industries, and we couldn't be prouder of their achievements: 💫 Slope - Simplifying B2B payments with their flexible infrastructure and API solutions. They’ve raised an impressive $50M to continue transforming the payments landscape. 💫 Juno - Providing a first-of-its-kind child disability insurance to support parents. They’ve secured $8.50M to further their mission of offering crucial employee benefits. 💫 wefox - Revolutionizing insurance to fit the needs of individuals. They’ve raised $26.80M to expand their customer-centric insurance solutions. 💫 point.me - Helping travelers maximize their points for the best flight deals. They’ve garnered $11.48M to make dream trips a reality for more people. 💫 Momentum.io - Turning sales and customer insights into actionable data for GTM teams. They’ve raised $13M to enhance customer journey visibility and automation. Congratulations to all these startups on their successful funding rounds! We’re excited to see how they’ll continue to innovate and lead their industries. If you're a startup looking to accelerate your go-to-market strategy and secure funding, let's connect! We're here to help turn your vision into reality. #Startups #Funding #Innovation #GoToMarket #Entrepreneurship #BusinessGrowth #StartupSuccess #Investment

Big problem for seed-stage startups. Series A funding is being delayed. Most companies need to extend their runway beyond the planned 24 months. It's a new reality, very different from what we got used to in the last ten years. Chon Tang, fund manager at Berkeley SkyDeck shared some data from Carta that is a wake up call for all founders working for a Series A. In the current #funding landscape, startups often encounter #delays in securing #SeriesA funding, leading to liquidity challenges and tough decisions. For those who have recently raised #seed funding, preparation is key. Our latest article offers actionable tactics you can adopt to extend your financial runway, optimize your business model, develop a strong financial plan, and uphold investor relationships. Discover how to navigate and thrive, even if Series A funding lies two or more years ahead. Stay resilient, focused, and transform obstacles into opportunities. Explore more insights on ensuring your startup's survival and growth! #seedstage #seriesA #startup #founders #runway #tactics

Does your agency behave like a startup? Drew Yancey, PhD challenges you to think about agency innovation like a startup. What opportunities can you see to create value for your clients? Go to www.incitepg.com to learn more about InCite Performance Group and how we work on our client's businesses, so they can thrive working in it. #innovation #innovationmindset #insurance #actlikeastartup

Interesting article about the current funding environment from Pancrazio Auteri

Find the right problem to solve. Ask yourself why. And again. And again. You never know where your solution might come from. You wouldn't arrive there if you just start with a piece of technology (probably). What problems have you defined well? Or reframed? Did they bring about an unexpected solution? As 'innovators', whether you're a startup founder, corporate venture builder, Product head honcho, or traditional banker, success hinges on our ability to prioritize and define the RIGHT problem, rather than starting with a solution and trying to retro-fit. #productsuccess #productasperfectsolution #solutionarchitect #businesssuccess #businessgrowth #businessgrowthstrategy #whyhowhat #problemsolving #producttalk #growthmentor #reframeproblem #definerightproblem #productinnovation #productgrowth #productdiscovery

#fundingalert 💼Company: Sixfold 💰Funding: $15Million  ⚡Round: Series A 👥Investors: Salesforce Ventures, Scale Venture Partners, Bessemer Venture Partners, Crystal Venture Partners, and all other prior investors. Sixfold is the first generative AI product designed specifically with insurance underwriting in mind. Because the platform reduces manual burden, underwriters can concentrate on making wise risk judgements, bringing fun back to underwriting. The money will be used by the business to expand its staff of AI/ML engineers, improve product capabilities, and quicken research and development. Alex Schmelkin, Brian Moseley, Jane Tran, Gregg Tourville, Jane Tran Read more - https://lnkd.in/gieAfT-q To share your startup story write us on - contact@startuprise.io #Sixfold #generativeAI #insurance #business #funding #fundingnews #news #startup #startupnews #startuprise

In the dynamic world of startups, the interactions we have with our customers are not merely transactions, but opportunities to solve real-world problems. Regardless of our position, our foremost goal should be to address a challenge. It’s tempting to shift into 'selling mode', yet it’s crucial to remember that sales are a result of demonstrating value, not just a target to chase. In order to genuinely prove our value, we must invest in building authentic relationships. This holds true even in digital arenas like LinkedIn, where a robotic, sales-first approach often misses the mark. The essence of startup culture is to innovate solutions, and this should be reflected in how we engage with our audience. Let’s focus on educating our customers, sharing our knowledge generously, nurturing genuine connections, and then, when the value is clear, engaging in meaningful transactions. The journey from identifying a problem to providing its solution is where the real essence of entrepreneurship lies. #StartupMindset #ProblemSolving #CustomerCentricity #Authenticity

#BlogPost - 𝐀 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐆𝐮𝐢𝐝𝐞 𝐭𝐨 𝐃𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 𝐍𝐞𝐞𝐝 𝐟𝐨𝐫 𝐂𝐋𝐌 𝐢𝐧 𝐘𝐨𝐮𝐫 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 If you've ever wondered whether Contract Lifecycle Management (CLM) is right for your company, check out our latest blog post. Whether you're a startup or an established enterprise, this blog has everything you need to make an informed decision. Don't miss out—read it now! Read here: https://bit.ly/3s6baKs #BlogThursday #ContractLifecycleManagement #CLM #CLMGuide #BusinessInsights

📣 The journey to B Corp certification as a scaleup, as told to Startups Magazine 📣 From all the legal ins and outs, knowing your customers, materiality assessments and more, our A-Z of B Corp unpacks everything startup and scaleup communities need to know about becoming #BCorpCertified. B Lab UK B Lab Future Shift #Kontor #Startups #Scaleups #BCorp #BLab