Ansel nails $20m funding round under Portage’s leadership.

January 27, 2024
1 min read

TLDR:

– Ansel, previously known as Brella, has raised $20m in funding to expand its access to the simplified supplemental insurance market.

– The funding round was led by Portage, and attracted investors including Two Sigma Ventures, Brewer Lane Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, and Morgan Creek Capital Management.

– Ansel is focused on modernizing and simplifying supplemental insurance, and has identified a market demand for a streamlined claims experience.

– The company plans to use the funding to expand its modern supplemental insurance solutions across the United States.

Ansel secures $20m in funding round led by Portage

InsurTech Ansel, formerly known as Brella, has secured $20m in a funding round led by Portage. Among the prominent investors in the round were Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners and Morgan Creek Capital Management. The company aims to revolutionise the supplemental insurance market with a focus on simplicity and innovation. It uses cutting-edge technology to offer supplemental insurance for more than 13,000 conditions, ranging from concussions to cancer. The company offers a seamless and paperless approach to claims administration, enrolment and implementation, and has raised more than $50m to date. The funding will be used to expand the firm’s offering in the US.

Latest from Blog

Your Daily InsurTech Briefing – 2024-02-21

Let’s see what’s in the news today. Sure launches innovative offering to liberate insurance industry from legacy vendors Sure, a leading insurance technology provider, has unveiled its latest innovation that liberates carriers,

Tech insurance careers: where AI meets opportunity.

TLDR: Sedgwick Insurance claims administration is offering early career professionals stability, innovation, and impact. Role-based automation leveraging AI tools is transforming the insurance industry. Sedgwick Insurance claims administration has become a desirable

Your Daily InsurTech Briefing – 2024-02-20

Let’s see what’s in the news today. Pekin Insurance implements Guidewire Cloud to power core business Pekin Insurance, an Illinois-based multi-state property and casualty (P&C) insurer, has announced that it has implemented

Customer experience is crucial for InsurTech success.

TLDR: InsurTechs need to focus on customer experience to attract and retain clients. Technology, automation, simplicity, and personalization are key elements in enhancing customer experience. In today’s business landscape, customer experience (CX)