• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Fintech.ca

Your Source for Canadian Fintech News

 
 
  • News
  • Thought Leaders
  • Interviews
  • Job Board
  • About

Insurtech Startup Foxquilt Raises $3.5 Million Seed Round

July 7, 2020 by Fintech Newsdesk Leave a Comment

Toronto’s Foxquilt has raised a $3.5 million seed round. 

Foxquilt empowers small businesses and B2B networks to save on business insurance by leveraging their Insurance-as-a-Service platform and unique underwriting infrastructure.

The startup was named on of Insurance Business Magazine’s Top 10 Insurtech Companies in Canada and recently partnered with multiple underwriting partners – enabling the company to become a full-service Insurance provider and creator of new products for small businesses. 

Foxquilt will use the funds to continue innovating technology and data science that will provide small businesses with tailored insurance at significant savings.

“Receiving our $3.5 million seed round allows us to move forward in transforming our insurance platform to become a full-service provider, so we can continue supporting small business owners through COVID-19 and beyond,” commented Mark Morissette, CEO and Co-Founder of Foxquilt.

“Our group has hired nine additional team members across all functions in the past sixty days. We are excited to further pursue our mission to become the leading Commercial Insurance Technology company in North America.”

Next up for Foxquilt is becoming a full-service insurance provider with a self-serve platform – allowing customers to purchase policies online and amend policy features as their business changes.

They will be introducing proprietary small business products in the coming months, as well as new distribution channels – including direct-to-consumer, B2B integrations and open APIs with select partners.

Filed Under: News Tagged With: Foxquilt

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 

Email Newsltter

LinkedIn
Twitter
Facebook
RSS

Founding Sponsors

Recent Posts

  • Montreal’s Dello Wants Crypto Payments to Be Simple as Debit or Cash
  • The 10 Best-Funded PropTech Startups in Canada
  • Q+A with Key Co-founder Daniel Dubois on Real Estate Co-ownership
  • Second-Annual Property Technology Report Highlights Health of Ecosystem in Canada
  • Canada Looks to Eradicate Legacy Payment Systems by Building the Real-Time Rail

Copyright © 2022 Incubate Ventures