TowerIQ
company
About
TowerIQ is a broker first platform that brings transparency to insurance markets.
- 11 - 50
Details
- Last Funding Type
- Series A
- Last Funding Money Raised
- $4.50M
- Industries
- FinTech,Insurance,Software
- Founded date
- Jan 1, 2017
- Number Of Employee
- 11 - 50
- Operating Status
- Active
TowerIQ is a broker first platform that brings transparency to insurance markets. The company seamlessly brings clients from application to binding by augmenting broker expertise with a low touch technology platform that distributes ingestible data directly to any carrier. This frees brokers and agents to focus their efforts on solving the business challenges facing the clients that allow them to win more business and improve client retention.TowerIQ was founded in 2017 and is headquartered in Boston, Massachusetts.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
3
$6.50M
TowerIQ has raised a total of
$6.50M
in funding over 2 rounds. Their latest funding was raised on
Jun 8, 2020 from a Series A round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jun 8, 2020 | Series A | $4.50M | 2 | — | — | Detail |
| Jul 16, 2018 | Seed | $2M | 1 | — | — | Detail |
| Jan 30, 2018 | Non-Equity Assistant | — | 1 |
DCU FinTech Innovation Center
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
1
3
TowerIQ is funded by 3 investors.
DCU FinTech Innovation Center
and Vestigo Ventures
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
DCU FinTech Innovation Center
|
Yes | Non-Equity Assistant |
Vestigo Ventures
|
— | Series A |
General Catalyst
|
— | Series A |
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