Cake, an IN company, raises $1.3 million for pre-seed money. Markd took the lead in the round. 2ndF, Iridium Bloom LLC, 101 Weston Labs, IIANC, and other industry-specific strategic partners were among the additional investors.
The money will be used by the business to expand vital services like in-platform loans and legal assistance, enhance its platform even more, and attract more clients.
Read also – IL-based Ascent Technologies Acquired Waymark
With its machine learning-powered Book Valuation tool, Cake, a transactional marketplace led by CEO Adam Bowe, provides independent insurance brokers with fast access to asset valuations.
Read also – FL-based Odyssey Secures $6Million in Funding
About Cake
Purchase, market, and appraise insurance company books through Cake. Cake links independent insurance agents with other agents seeking to expand their business in order to sell a book of business or a slice, or a selected group of accounts. At Cake, they support making it easier for independent insurance agents to obtain cash and pursue strategic expansion.
