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QuoteWell operates as a technology-driven wholesale insurance brokerage, providing a platform designed to simplify and streamline the submission process within the non-admitted insurance market. The company’s integrated data-driven approach aims to empower independent agents and producers by facilitating the placement of complex, small-to-mid-size commercial risks more efficiently. This system combines technological advancements with established industry relationships, improving responsiveness and transparency in wholesale insurance transactions.
The company was founded in 2021, emerging from an identified need to modernize the wholesale insurance experience. The founders recognized the inefficiencies inherent in traditional processes and sought to leverage technology to create a more straightforward and effective method for agents to navigate the non-admitted market. This foundational insight drives their development of tools that enhance both speed and ease of business placement.
QuoteWell serves independent insurance agents and producers who seek improved access and efficiency in placing specialized commercial risks. The company’s overarching mission is to make wholesale insurance simple, transforming a historically complex segment through the strategic integration of advanced technology and strong human connections. Their vision is to continuously empower their users with the necessary tools to thrive in a dynamic insurance landscape.
QuoteWell has raised $27.0M across 2 funding rounds.
QuoteWell has raised $27.0M in total across 2 funding rounds.
QuoteWell has raised $27.0M in total across 2 funding rounds.
QuoteWell's investors include New Enterprise Associates, Brand Foundry Ventures, Clocktower Technology Ventures, Rick Yang, Floating Point, Goldcrest Capital, NEA, Amplo, Anti fund, Bond, BoxGroup, Great Oaks Venture Capital.
QuoteWell has raised $27.0M across 2 funding rounds. Most recently, it raised $12.0M Series A in October 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2025 | $12M Series A | NEW Enterprise Associates | Brand Foundry Ventures, Clocktower Technology Ventures, Rick Yang, Floating Point, Goldcrest Capital | Announced |
| Jun 1, 2022 | $15M Series A | Rick Yang, NEA | Amplo, Anti Fund, Bond, BoxGroup, Great Oaks Venture Capital, Hersh Interactive Group, Liquid 2 Ventures, MAC Venture Capital, NEW Enterprise Associates, Sparklabs Group, Visionaire Ventures, Carmelo Anthony (Melo7 Tech Partners), Erik Moore, Justin Mateen, Thomas Tull, Floating Point, Goldcrest Capital | Announced |
QuoteWell is a tech-driven wholesale insurance brokerage founded in 2021 and headquartered in Austin, Texas, that modernizes the wholesale insurance process by blending advanced technology with human expertise.[1][2][3][4] It builds an AI-powered platform, including tools like appetite-driven triage and the proprietary AI agent Alby, to streamline submissions, quoting, and risk placement for hard-to-place commercial risks in sectors such as construction, energy, real estate, and manufacturing.[2][3][4] Serving independent retail insurance agents and producers, QuoteWell solves inefficiencies from legacy systems, manual processes, and fragmented workflows by delivering faster quotes, higher submit:bind ratios, transparent collaboration, and personalized broker support—enabling agents to access non-admitted markets, win more business, and strengthen client relationships.[1][3][4] The company has raised over $20M from investors including NEA, Goldcrest, and Floating Point, fueling its growth in the insurtech space.[3]
QuoteWell was founded in 2021 in Austin, Texas, amid frustrations with the wholesale insurance industry's slow, inefficient quoting driven by legacy systems, manual processes, and clunky portals.[1][2][3] The idea emerged from a producer-led vision to reimagine the wholesale marketplace, combining modern technology with real relationships to make insurance simpler and more effective for agents and producers.[1][4] Early traction came from its "Human+" model—integrating AI for automated workflows and appetite scanning with in-house broker expertise—quickly differentiating it in a complex market plagued by rising regulations and risk factors.[1][3][4] This foundation has driven rapid expansion, with 33 employees and partnerships like IIAT for preferred risk appointments, positioning it as a responsive partner for retail agents tackling tough risks.[3][5]
QuoteWell rides the insurtech wave, leveraging AI and data analytics to disrupt a trillion-dollar insurance industry burdened by outdated tech and manual inefficiencies, much like how Applied and Highwing modernize agency operations and data platforms.[2][3] Its timing aligns with surging demand for digital transformation amid rising regulations, complex risks, and post-pandemic shifts toward faster, transparent quoting—positioning it as a key enabler for retail agents in commercial lines.[1][2][4] Market forces like AI adoption in underwriting and the need for better carrier-broker connectivity favor its model, influencing the ecosystem by improving submit:bind outcomes, reducing agent churn, and democratizing access to specialty markets for underserved sectors.[3][4] As part of the 4,485+ insurtech firms innovating core operations, QuoteWell amplifies retail agency growth and carrier efficiency.[2]
QuoteWell's trajectory points to scaled expansion, with AI enhancements like Alby evolving into full risk management suites and deeper carrier integrations to capture more commercial market share.[3][4] Insurtech trends—AI-driven personalization, regulatory tech, and embedded insurance—will propel its growth, potentially doubling valuation as wholesale digitization accelerates.[2] Its influence may evolve from niche disruptor to ecosystem leader, powering agents against competitors via unmatched Human+ speed. In a market craving simplicity, QuoteWell exemplifies how tech and empathy redefine wholesale insurance from the ground up.[1]
