Embroker has raised a total of $142.4 million across multiple funding rounds, with its largest being a $100 million Series C round in June 2021, led by FTV Capital. The San Francisco-based insurtech company provides tailored business insurance solutions, leveraging technology and broker expertise to simplify coverage for growing businesses. With 101–250 employees, Embroker offers products including Cyber Insurance and Directors & Officers Insurance, aiming to modernize the $800 billion property and casualty insurance market.
Keep reading to explore Embroker’s funding journey, key investors, and what’s next for this innovative platform.
What Is Embroker and What Does It Do?
Founded in 2015 by Matt Miller and Yotam Shacham, Embroker is headquartered in San Francisco, California, United States, with additional offices in Chicago and Boston. The company specializes in digital-first business insurance solutions, offering bundled policies tailored to various industries and helping businesses save time while finding the right coverage.
Embroker combines technology with broker expertise to deliver a seamless insurance experience, focusing on risk management, operational efficiency, and market innovation.
How Much Funding Has Embroker Raised?
- Seed Round
- Amount Raised: $2.2M
- Date: August 2015
- Motivation: To develop initial product offerings and kickstart operations.
- Series A
- Amount Raised: $12.2M
- Date: May 2016
- Lead Investors: Canaan Partners
- Motivation: To expand the team and enhance the technology platform.
- Series B
- Amount Raised: $28M
- Date: December 2018
- Lead Investors: Tola Capital
- Motivation: To scale operations and enter new markets.
- Series C
- Amount Raised: $100M
- Date: June 2021
- Lead Investors: FTV Capital
- Motivation: To expand into a full-stack insurtech by building its own insurance carrier.
Total Funding Raised: $142.4M
Latest Funding Date: June 2021
Key Investors
- FTV Capital
- Details: Growth equity firm investing in enterprise technology, fintech, and payments.
- Investment Focus Areas: Fintech, enterprise technology, payments, and transaction processing
- Notable Investments: InvestCloud, VPay, Strata Decision Technology
- Tola Capital
- Details: Focused on enterprise software companies leveraging data and analytics for innovation.
- Investment Focus Areas: Enterprise software, data, and analytics
- Notable Investments: WorkFusion, InfluxData, DataRobot
- Canaan Partners
- Details: VC firm investing in early-stage technology and healthcare companies.
- Investment Focus Areas: Early-stage technology, healthcare
- Notable Investments: LendingClub, Ebates, Prime Medicine
- Bee Partners
- Details: Early-stage VC supporting technology startups with disruptive ideas.
- Investment Focus Areas: Early-stage technology, innovative startups
- HSCM Bermuda
- Details: Investment firm focused on insurance and reinsurance, supporting technology-driven innovation.
- Investment Focus Areas: Insurance, reinsurance, technology-driven companies
Where Is Embroker’s Headquarters?
Embroker is headquartered in San Francisco, California, United States, providing access to tech talent, venture capital, and a hub for insurtech innovation.
What’s Next for Embroker?
Embroker aims to expand into a full-stack insurtech by building its own insurance carrier, targeting underserved business segments and growing demand for digital-first insurance solutions. With the U.S. market alone offering a substantial opportunity, future fundraising rounds are likely to follow.
Key challenges include navigating outdated industry systems, competing with established insurers, and maintaining high customer satisfaction while scaling operations.
Get Investor & Funding Insights with TexAu
TexAu provides detailed fundraising data on companies like Embroker. Track investors, monitor funding rounds, and gather actionable insights to strengthen your sales and business strategy.
Sign up for Free on TexAu and turn data into smarter, faster business decisions.
