
Herald
Offers digital infrastructure that connects software developers to commercial insurance carriers through a single API.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor investor investor investor investor investor | €0.0 | round | |
* | $12.0m | Series A | |
Total Funding | 000k |
USD | 2022 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Herald API is a digital infrastructure company that operates in the commercial insurance sector. It offers a unique platform that allows insurance companies to quote and bind insurance from multiple carriers through a single API. This means that insurance companies can integrate with multiple carriers quickly and efficiently, reducing the time it takes to get to market.
Herald API's primary clients are insurance brokerages, SaaS platforms, and companies looking to embed insurance experiences into their offerings. The company connects its clients to over sixty commercial insurance products, including general liability, workers' compensation, business owner's policy, cyber insurance, and more.
The company's business model is centered around simplifying the integration process for its clients. It provides comprehensive API documentation and support, allowing clients to spend less time on integration meetings and more time on improving their customer experiences.
Herald API also helps its clients connect to sources of digital distribution, providing insights into the digital distribution ecosystem. This allows clients to add new partners without lengthy integration processes and unlock new distribution channels.
The company makes money by charging its clients for access to its API and the services it provides. It does not sell workflow solutions to brokers, but it does provide the infrastructure that helps insurance carriers and their partners use technology to improve their customer service.
In summary, Herald API is a digital infrastructure company that simplifies the integration process for commercial insurance companies, allowing them to connect with multiple carriers and improve their customer experiences.
Keywords: Digital Infrastructure, Commercial Insurance, API Integration, Insurance Brokerages, SaaS Platforms, Embedded Insurance Experiences, Digital Distribution, Partner Management, Customer Experience, Growth Focus.
Tech stack
Investments by Herald
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