Indio

Acquired

Simplifying insurance applications for brokers and their clients

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

Employees
51–200
Founded
2016
Business Model
B2B
Total Funding
$28.0M
Last Round
$20.0M Series BMay 2019
Rounds
3
Acquired by
Applied SystemsDec 2019

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

Indexed holds 4 funding rounds and 8 investors for this company. The full record is or through the API.

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 Applied Systems, 8VC and 500 Global.

Tech & App Stack

7 technologies & apps tracked

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Funding & Exit History

AcquisitionAcquisition by Applied SystemsDec 2019

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Funding: Seed through Series B. Amounts, valuations, and investors where available.

Investors

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