Inforcepro - About the company
Inforcepro is an acqui-hired company based in Austin (United States), founded in 2011 by Karan Kanodia and Cameron Jacox. It operates as a Software solution for insurance brokers and companies.. Inforcepro has raised $5M in funding. The company has 59 active competitors, including 9 funded and 8 that have exited. Its top competitors include companies like Artificial Labs, Leonteq and Web Connectivity.
Company Details
InforcePro offers web-based software solution that provides insurance advisors and companies with a platform to download, manage, audit and present inforce policies at any given time. Their algorithms prioritize policy reviews according to issues or opportunities and thereby eliminate ‘presentation hesitation’. Gives users a complete understanding of the inforce policies in the book. InforcePro can automatically create custom illustrated audits and sales presentations using full-fledged Winflex, CompuLife and LifeGuide quoting integrations. These three tools enable agencies and producers to find new sales and reinvigorate the organization etc. USP of InforcePro lies in the fact that they offer post-sale servicing software increasing chances of cross sell and up sell.
- Website
- inforcepro.com
- Email ID
- *****@inforcepro.com
Key Metrics
Founded Year
2011
Location
Austin, United States
Stage
Acqui-Hired
Total Funding
$5M in 2 rounds
Latest Funding Round
Ranked
41st among 59 active competitors
Employee Count
3 as on Jul 01, 2024
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Inforcepro's funding and investors
Inforcepro has raised a total funding of $5M over 2 rounds. Its latest funding round was a Series A round on Sep 29, 2015 for $*****. 1 investor participated in its latest round. Inforcepro has 1 institutional investor.
Here is the list of recent funding rounds of Inforcepro:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 29, 2015 | 8098982 | Series A | 6167598 | 3915663 | 2362431 | 7675921 |
View details of Inforcepro's funding rounds and investors
Inforcepro's founders and board of directors
Founder? Claim ProfileThe founders of Inforcepro are Karan Kanodia and Cameron Jacox.
Here are the details of Inforcepro's key team members:
- Karan Kanodia: Founder of Inforcepro.
- Cameron Jacox: Co-Founder of Inforcepro and founder of 1 other company.
View details of Inforcepro's Founder profiles and Board Members
Inforcepro's employee count trend
Inforcepro has 3 employees as of Jul 24. Here is Inforcepro's employee count trend over the years:
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Inforcepro's Competitors and alternates
Top competitors of Inforcepro include Artificial Labs, Leonteq and Web Connectivity. Here is the list of Top 10 competitors of Inforcepro, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Artificial Labs 2013, London (United Kingdom), Series B | Software solutions provider for Insurers | $72.1M | 63/100 | |
2nd | Leonteq 2007, Zurich (Switzerland), Public | Products and Services provider for Structured Products | - | 54/100 | |
3rd | Web Connectivity 2003, London (United Kingdom), Acquired | Software solution provider for insurance business processes | - | - | 52/100 |
4th | General Magic 2024, Toronto (Canada), Seed | Provider of artificial intelligence software for insurance brokerage operational workflows | $8.4M | 47/100 | |
5th | SaaS based insurance and banking solutions for businesses | $5.57M | 41/100 | ||
6th | DigiSure 2019, San Francisco (United States), Series B | Provider of digital insurance management system for mobility and sharing platforms | $13.1M | 39/100 | |
7th | Tapp Solutions 2011, Atlanta (United States), Funding Raised | Digital solutions streamlining insurance sales, claims, and inspections for agents | - | 38/100 | |
8th | Hearti Lab 2015, Singapore (Singapore), Funding Raised | AI-based claim management crypto platform for insurers and banks | - | 38/100 | |
9th | Yasmina 2018, United Arab Emirates, Seed | Provider of AI-enabled insurance policy management solutions | $2M | 38/100 | |
10th | XN Capital 2023, New York City (United States), Seed | Insurance policy administration solution for businesses | $1.5M | - | 38/100 |
41st | Inforcepro 2011, Austin (United States), Acqui-Hired | Software solution for insurance brokers and companies. | $5M | - | 22/100 |
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Inforcepro's Investments and acquisitions
Inforcepro has made no investments or acquisitions yet.
Reports related to Inforcepro
Here is the latest report on Inforcepro's sector:
News related to Inforcepro
•
InforcePro Gets $4 Million in Funding - SiliconHillssiliconhillsnews.com•Sep 29, 2015•LifeAssist, LiveOak Venture Partners, Inforcepro
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