Tech Company Financing Transactions
Foxquilt Funding Round
Foxquilt secured a $12 million investment round on 7/26/2023. Investors included ICM Asset Management.
Transaction Overview
Company Name
Announced On
7/26/2023
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Undisclosed
Investors
ICM Asset Management (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate North American expansion plans, enabling to scale its embedded enterprise capabilities, further enhance its technology infrastructure, and broaden its product offerings.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
1 Yonge St. 6th Floor 603
Toronto ON, M5E 1W7
Canada
Toronto ON, M5E 1W7
Canada
Phone
Website
Email Address
Overview
Foxquilt is a Canadian financial technology company focused on using big data and machine learning to empower social groups to save on Home, Small Business and Auto insurance. We create new value opportunities for customers by bringing people and communities together online with a smart and modern approach to insurance.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mark Morissette
Chief Financial Officer
Karim Jamal
Chief Marketing Officer
Roshni Wijayasinha
Chief Technical Officer
Milind Joshi
Browse more venture capital transactions:
Prev: 7/26/2023: Materials Nexus venture capital transaction
Next: 7/26/2023: Trustmi venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs