USA – ThreeFlow, a Chicago, IL-based provider of an enterprise software platform that allows brokers and carriers to manage the entire placement process in one shared system, raised $45m in Series B funding.
The round was led by Accel, with participation from existing investors Emergence Capital, Equal Ventures, and First Trust Capital Partners. The company intends to use the funds to continue scaling its Benefits Placement System (BPS) and expand operations. Led by Ryan Sachtjen, CEO and cofounder, ThreeFlow provides Benefits Placement System, an enterprise software platform built specifically for brokers and carriers to manage the entire placement process in one shared system. Brokers collect, track, and easily compare multiple quotes from different carriers, and receive unbiased underwriting consultations to empower their clients to make the best benefit decisions for their employees. Carriers use more consistent workflows to manage active or completed renewals and new business quotes, helping to increase new sales and retention. Both parties use ThreeFlow data and insights to manage their relationships strategically. In the past year, premium transaction volume doubled to over $600M, with nearly $1B of premium under management, and broker contracts grew 250%. The company now has over 150 broker locations representing 7,600 employer clients, a 330% increase from last year. ThreeFlow has a team of 80, including: 30/11/2021
