USA – Mulberri, a Sunnyvale, CA-based provider of a business insurance platform for modern PEOs and brokers, raised $4M in Seed funding.
The round was led by Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio).The company intends to use the funds to continue to expand its infrastructure and data modeling.Launched in 2021 and led by CEO Hamesh Chawla, Mulberri is an embedded insurtech platform purpose-built for PEOs and brokers to come together to write business to make intelligent data-driven decisions. The platform provides smart submission intake, automated quote and bind, data-driven insurance management, and accessible protection and monitoring services. It also optimizes PEO business workflows, speeds up client acquisition, and provides risk analytics by integrating with multiple systems like HRIS, Payroll and others.01/08/2022
