Tech Company Financing Transactions
EvolutionIQ Funding Round
EvolutionIQ, based in New York, received $21 million from Brewer Lane Ventures, Altai Ventures and Asymmetric Capital Partners.
Transaction Overview
Company Name
Announced On
4/12/2022
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Series A
Investors
Proceeds Purpose
The funding will largely be used to expand the engineering, data science, product, and customer success teams who are responsible for the company's growth, including the development of new AI modules. Today, over 25 percent of EvolutionIQ's technical employees come from Google, which is rare for companies in the insurance industry.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
336 West 37th St 200
New York, NY 10018
USA
New York, NY 10018
USA
Phone
Undisclosed
Website
Email Address
Overview
EvolutionIQ is powering the next wave of the insurance industry. We use data to create better outcomes for clients, carriers and employees. Our Vision is to power the data-driven insurance revolution, enabling carriers to use all available data to deploy the lessons of the past directly to the front lines, making claims handling better, fairer and faster.
Management Team
Title
Name
Email & Social
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