What Company Is Offering:
iPipeline provides the leading suite of sales distribution software to the insurance and financial services markets delivered as an on-demand service. This platform includes the most comprehensive forms and content enabling the industry to market, sell and process insurance faster. iPipeline provides agents everything they need to make a sale by aggregating over 100 insurance companies in a single, web-based network. This simple, intuitive system integrates directly into over 700 web sites of the industry's largest banks, broker-dealers and insurance distributors on a subscription based model. iPipeline's integrated approach enables insurance companies to access sales distribution, eliminates point of sale mistakes and streamlines the issuing of insurance policies.
How Much They Got From VCs:
iPipeline today announced the completion of its $18 million Series A financing led by NewSpring Capital of Radnor, Pa., and Fidelity Ventures of Boston. iPipeline's management team also participated in this financial venture.
iPipeline's Larry Berran, said, "The firm will use this funding to expand its sales and marketing effort with both carriers and distributors, to develop additional point-of-sale capabilities for agents, and to make select tuck-in acquisitions to extend the depth of the offering."
More at: www.ipipeline.com
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