[Funding alert] CA-based Insurance Brokerage Firm Inszone Insurance Services Secures an Investment

CA-based insurance brokerage firm Inszone insurance services secures an investment from Lightyear Capital. The deal’s total value was not made public.

It is anticipated that the deal will come to an end in 2023’s fourth quarter, pending regulatory clearances and usual closing conditions. Along with investing extra funds, Lightyear will join BHMS Investments, currently an investor in Inszone, which will roll over a significant percentage of its current stake.

Read also-  NYC-based Hang Secures $9.2M in Series A Round Funding

The funds will be utilised by the company to expedite growth. Property and liability insurance as well as employee benefits are offered by Inszone, an insurance brokerage company. Driven by its data-enabled platform, it has expanded since its establishment in 2002 through a mix of acquisitions and organic activities.

Since September 2020, Inszone has finished and integrated 98 acquisitions. The company has 512 committed employees distributed over 63 sites, servicing over 129,000 clients in all 50 states.

Read also – San Francisco-based Every.io Secures $9.5M in Seed Funding

The company is trying to expand further across the US, with 63 locations in California, Arizona, Colorado, Idaho, Illinois, Kansas, Michigan, Missouri, Nevada, New Mexico, Oregon, Texas, Utah, and Washington.

About Inszone Insurance Services

Established in 2002 in Rancho Cordova, California, Inszone Insurance Services has experienced tremendous growth and expansion within the insurance industry. All 50 states are covered by Inszone Insurance, which has offices in California, Arizona, Colorado, Utah, Nevada, Missouri, Texas, and Illinois.

Read also –  Washington-based Nanochon Secure an Investment from Cultivate(MD) Capital Funds

With an emphasis on the relationship between agents and clients and putting client satisfaction first, Inszone has expanded thanks to its customer-focused approach. Being a full-service insurance company, Inszone Insurance Services can assist clients with both personal and commercial insurance needs.