Indio

Acquired

Simplifying insurance applications for brokers and their clients

San Francisco, United States · Founded 2016 · $28.0M raised

Founded
2016
Total Funding
$28.0M
Last Round
$20.0M Series BMay 2019
Rounds
3

About

Indio Technologies is a cloud-based insurance application and renewal platform that digitizes and automates the commercial lines submission process for insurance agencies, brokerages, insurers, and their clients. Founded in 2015 in San Francisco, Indio replaces the traditional paper-heavy renewal workflow — historically conducted via mail, email, and fax — with a collaborative online environment where brokers and clients can complete, review, and submit insurance applications in real time. The platform auto-populates data across unique insurer forms, enables direct in-form communication between agents and clients, and minimizes errors and omissions. Indio raised $20 million in Series B funding in 2019 led by Menlo Ventures and was subsequently acquired by Applied Systems, the leading provider of insurance software in North America, making Indio a division of that company.

Summary

Indio is an Insurance company based in San Francisco, United States, founded in 2016. It has raised $28.0M in total across 3 rounds, most recently a $20.0M Series B round in May 2019. Investors include 8VC, 500 Global and Merus Capital.

Tech & App Stack

7 technologies & apps tracked

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Funding History

Series BSeries BMay 2019
$20.0M

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Investors

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