Insurtech wholesale broker QuoteWell secures additional $12 million in financing

QuoteWell Secures $12 Million in New Funding

QuoteWell, a tech-enabled wholesale insurance broker, has announced it has raised an additional $12 million in financing. This funding round was led by New Enterprise Associates, along with new contributions from investors Brand Foundry Ventures and ClockTower Ventures.

Funding Purpose and Impact

The raised capital is expected to bolster QuoteWell’s technology-driven offerings and expand its market presence within the wholesale insurance sector. Specifically, the company aims to enhance its operations and possibly improve services for brokers and clients alike.

Key Players Involved

New Enterprise Associates, a well-regarded venture capital firm, has a history of funding innovative companies across various industries. Meanwhile, Brand Foundry Ventures and ClockTower Ventures bring additional expertise and resources that could prove beneficial as QuoteWell pursues its growth strategy.

Market Context

The move comes at a time when technology in the insurance industry is becoming increasingly important. Brokers are looking for innovative solutions to streamline processes and improve efficiency. QuoteWell’s focus on tech integration positions it well to meet these demands.

Who Will Be Affected?

This funding round could impact a range of stakeholders. Brokers using QuoteWell’s platform may soon benefit from enhanced services and efficiency. Furthermore, this development signals a trend toward more tech-driven solutions in commercial insurance, which could influence how other companies operate in the market.

Overall, the new funding for QuoteWell reflects ongoing investment in insurtech, showcasing a shift in the industry toward embracing technology for better service delivery.

Original Source: https://www.theinsurer.com/ti/news/insurtech-wholesale-broker-quotewell-secures-additional-12-million-in-financing-2025-10-08/