Pathpoint, has raised a funding of worth $12.5mn in it’s recent funding led by Caffeinated Capital. Below is the information to fetch out.
Things To Know About Pathpoint –
The insurance company founded in 2017 and headquartered in San Francisco holds a specialty in E&S insurance. It provides E&S coverage to retailers in minutes that is in seven minutes . The company is able to bind the quote within a day, while traditional wholesale experiences often take days to return quotes and also has simple and easier steps to redeem the coverage in a single submission of data through it’s platform.
This funding round was led by Caffeinated Capital, with an active participation from other investors as well.
Recently, Pathpoint also launched with 16 of the top 40 in 2022 and plans to use new funding which was aimed to get doubled in 2023. In addition to these partnerships, the firm still expands it’s supplies.
What Are The Views Of Leading Members Of The Firm –
In a recent interview regarding the fundings, the leading members of the following company shared their thoughts and vision towards the funding and it’s effect on the company.Raymond Tonsing, founder and managing partner at Caffeinated Capital, said that, “This investment is about deeply investing in Pathpoint’s Go-to-Market function. Data indicates that agents who can try Pathpoint even once love using it, but there’s still untapped opportunity in terms of getting in front of more agents and deepening relationships across the distribution base both in terms of existing partners and new ones. Further investment in GTM will build on growth to date and enable Pathpoint to become not only a category defining growing wholesaler, but a profitable one, within the next few years.”
