![IN-based-Cake-Secures-1.3Million-in-Pre-Seed-Funding 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.](https://startuprise.io/wp-content/uploads/2024/02/IN-based-Cake-Secures-1.3Million-in-Pre-Seed-Funding.webp)
![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.](https://startuprise.io/wp-content/uploads/2024/02/IN-based-Cake-Secures-1.3Million-in-Pre-Seed-Funding.webp)
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.
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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.
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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.