Vertical Insure merges with Next Wave

Vertical Insure has merged with wholesaler Next Wave Insurance Services .

The merger comes 6 months after Vertical Insure announced a $2 million round, bringing its total funding to $6 million. The round was led by Greenlight Re, with participation from others. Founded in 2022, Vertical Insure (team of ~11) looks to provide SaaS platforms with embedded, white label insurance products that can be deployed to their current customer base.

The announcement, shared on June 27th, claims that the merger “strengthens Vertical Insure’s capabilities and cements its position as the leading provider of embedded insurance products and services for vertical SaaS.”