QuoteWell is a technology company.
QuoteWell has raised $27.0M across 2 funding rounds.
QuoteWell has raised $27.0M in total across 2 funding rounds.
QuoteWell has raised $27.0M in total across 2 funding rounds.
QuoteWell's investors include Brand Foundry Ventures, Clocktower Technology Ventures, Rick Yang, Amplo, Anti fund, Bond, BoxGroup, Great Oaks Venture Capital, Hersh Interactive Group, Liquid 2 Ventures, MaC Venture Capital, New Enterprise Associates.
QuoteWell is a tech-driven wholesale insurance brokerage founded in 2021 and headquartered in Austin, Texas, that modernizes the wholesale insurance process by blending advanced technology with human expertise.[1][2][3][4] It builds an AI-powered platform, including tools like appetite-driven triage and the proprietary AI agent Alby, to streamline submissions, quoting, and risk placement for hard-to-place commercial risks in sectors such as construction, energy, real estate, and manufacturing.[2][3][4] Serving independent retail insurance agents and producers, QuoteWell solves inefficiencies from legacy systems, manual processes, and fragmented workflows by delivering faster quotes, higher submit:bind ratios, transparent collaboration, and personalized broker support—enabling agents to access non-admitted markets, win more business, and strengthen client relationships.[1][3][4] The company has raised over $20M from investors including NEA, Goldcrest, and Floating Point, fueling its growth in the insurtech space.[3]
QuoteWell was founded in 2021 in Austin, Texas, amid frustrations with the wholesale insurance industry's slow, inefficient quoting driven by legacy systems, manual processes, and clunky portals.[1][2][3] The idea emerged from a producer-led vision to reimagine the wholesale marketplace, combining modern technology with real relationships to make insurance simpler and more effective for agents and producers.[1][4] Early traction came from its "Human+" model—integrating AI for automated workflows and appetite scanning with in-house broker expertise—quickly differentiating it in a complex market plagued by rising regulations and risk factors.[1][3][4] This foundation has driven rapid expansion, with 33 employees and partnerships like IIAT for preferred risk appointments, positioning it as a responsive partner for retail agents tackling tough risks.[3][5]
QuoteWell rides the insurtech wave, leveraging AI and data analytics to disrupt a trillion-dollar insurance industry burdened by outdated tech and manual inefficiencies, much like how Applied and Highwing modernize agency operations and data platforms.[2][3] Its timing aligns with surging demand for digital transformation amid rising regulations, complex risks, and post-pandemic shifts toward faster, transparent quoting—positioning it as a key enabler for retail agents in commercial lines.[1][2][4] Market forces like AI adoption in underwriting and the need for better carrier-broker connectivity favor its model, influencing the ecosystem by improving submit:bind outcomes, reducing agent churn, and democratizing access to specialty markets for underserved sectors.[3][4] As part of the 4,485+ insurtech firms innovating core operations, QuoteWell amplifies retail agency growth and carrier efficiency.[2]
QuoteWell's trajectory points to scaled expansion, with AI enhancements like Alby evolving into full risk management suites and deeper carrier integrations to capture more commercial market share.[3][4] Insurtech trends—AI-driven personalization, regulatory tech, and embedded insurance—will propel its growth, potentially doubling valuation as wholesale digitization accelerates.[2] Its influence may evolve from niche disruptor to ecosystem leader, powering agents against competitors via unmatched Human+ speed. In a market craving simplicity, QuoteWell exemplifies how tech and empathy redefine wholesale insurance from the ground up.[1]
QuoteWell has raised $27.0M across 2 funding rounds. Most recently, it raised $12.0M Series A in October 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2025 | $12.0M Series A | Brand Foundry Ventures, Clocktower Technology Ventures, Rick Yang | |
| Jun 1, 2022 | $15.0M Series A | Amplo, Anti fund, Bond, BoxGroup, Great Oaks Venture Capital, Hersh Interactive Group, Liquid 2 Ventures, MaC Venture Capital, New Enterprise Associates, SparkLabs Group, Visionaire Ventures, Carmelo Anthony (Melo7 Tech Partners), Erik Moore, Justin Mateen, Thomas Tull |