Veruna Secures $10 Million in Series B Funding to Accelerate Insurance Tech Development

Jennifer Carroll, CEO of Veruna (Photo Credit: Veruna)

AUSTIN, Texas, October 17, 2023 (VSNewsNetwork.com) - Veruna, an agency management system built on Salesforce's leading CRM platform, has successfully closed its Series B funding round. The investment, led by top venture capital firms Berkley Ventures, Guidewire Software, the Institutes, and CoVerica Insurance, is set to accelerate the company's growth in several key departments, including engineering, sales, marketing, and customer success.

"We're thrilled by the significant support from industry leaders," stated Jennifer Carroll, CEO of Veruna. "This funding gives us the fuel to push our vision forward and revolutionize the insurance sector."

Veruna's platform stands out for its utilization of predictive analytics and no-code configurability, aiming to boost efficiency, revenue, and customer experience in the insurance industry. "The real power lies in having one unified system. Agents can shift their focus from administrative tasks to client advising," added Carroll.

Clare Tokeim of Berkley Ventures said, "Given the insurance industry's recent embrace of Salesforce and CRM tools, Veruna couldn't be better positioned. This isn't just tech—it's a strategic investment in making insurance agencies more effective and efficient."

In line with the new funding, Veruna plans to solidify its market leadership by introducing new predictive analytics features and expanding its agent-assisted, straight-through digital processing capabilities. Furthermore, the company announced on September 19, 2023, that it has expanded its advisory board, bringing in six new industry experts to guide its strategic growth.

For more details about Veruna and its innovative solutions, interested parties can visit Veruna, Inc.

Source: Veruna, Inc. via Newswire