Highwing raises $4M
Denver-based Highwing , an insurance technology company born out of IMA Financial Group to help commercial insurance brokers and carriers accelerate workflows through its open data platform, announced that it has closed a $4M fundraising round.
This investment round was led by a middle market subsidiary of BRP Group and BrokerTech Ventures. Several other investment groups also participated including BrokerTech Ventures member firms Holmes Murphy, The ABD Team, Conner Strong & Buckelew and Heffernan Insurance Brokers. They join SkyKnight Capital, Revolution’s Rise of the Rest Seed Fund, SpringTime Ventures, Cameron Ventures, and Service Provider Capital in supporting Highwing to build the future of commercial insurance.
“Our vision is to create an open data ecosystem that gives brokers the ability to rapidly deliver the holistic risk management solutions that today’s mid-market customers want. We’re humbled by the big vote of confidence we’ve gotten from leading industry investors.” – Highwing’s CEO Erik Mitisek.
Highwing will use the seed funding to scale its engineering team and further expand its product suite by adding a placement engine that enables users to engage, organize, and submit insurance applications and collaborate with partners, through a single application.