[Funding news] CA-based arqu Raises $10Million in Series A Round Funding

arqu, a tech-enabled wholesale insurance brokerage transforming how large-scale, complex commercial risks are transacted in the $100bn Excess & Surplus (E&S) market, announces its $10 million Series A financing, led by Crosslink Capital with participation from Intact Ventures. arqu also saw continued support from all existing investors, Lightspeed Venture Partners, Foxe Capital and Nationwide Ventures.

David Silverman, General Partner at Crosslink Capital, stated, “arqu is not just building a better wholesaler, it is redefining how wholesalers operate and create value by making data and technology central to its approach and maximizing the potential of its brokers.”

The funding will be used to support expansion into new industry verticals and accelerate product development. It is scaling up its ability to tackle larger and more diversified risks, recently launching portfolio-level analytics for its teams. From national property portfolios to large-scale loss schedules, It’s broker teams can analyze complex risks with just a few clicks and place with greater insight and precision.

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Chi Lee, Co-founder and CEO of arqu, said, “We empower our broker teams with technology to provide unparalleled service to our retail brokerage customers and be the best pre-underwriting partners for our capacity providers. With the E&S segment on track for its seventh consecutive year of double-digit growth, we see data-driven broking as the key to managing large-scale commercial risks in an increasingly challenging world.”

About arqu

arqu is a tech-enabled wholesale insurance brokerage operating in the $100bn Excess & Surplus (E&S) market. Founded in 2020 and based in San Francisco, California, the company is transforming the wholesale insurance brokerage model with proprietary technology that unlocks the full potential of its teams.