Commercial insurance platform Semsee announced it has raised a Series B funding round led by Dick Costolo and Adam Bain’s 01 Advisors, with participation from existing investor the D. E. Shaw group, through its venture studio DESCOvery.
The funding round will accelerate Semsee’s expansion into new markets and fuel the addition of new technology features that help insurance agents and carriers deliver more insurance policies to business owners. Former insurance executive Jonathan Crystal, managing partner of Crystal Venture Partners, is also joining Semsee as an advisor.
Using Semsee, agents can submit one form and receive multiple insurance quotes in minutes. They can compare coverage and pricing information and talk to their clients about what they’re buying and what it covers. Insurance companies can simultaneously connect to agents. Semsee works closely with its users, and based on their feedback, plans to add more features to make the platform easier to use in the future, according to a company press release.