Certificial raises $15 million

Certificial announced a $15 million round of funding led by Nyca Partners. Nyca joins IA Capital, Fin Capital, Cofounders Capital, Cameron Ventures, and Nationwide Ventures as investors.

Founded in 2019, Certificial offers a real-time insurance verification platform. The solution combines certificate issuance and compliance management into one simple platform.

“As we near a significant inflection point in the adoption of our platform, Certificial has raised this capital to further empower how insurance is shared amongst businesses and to help support our organization’s operational growth. NYCA’s investment confirms Certificial is on path to creating an innovative network driven by data, replacing email, faxes and traditional mail.” – Peter Teresi, Certificial co-founder and CEO.

“Certificial has solidified itself at the intersection of the insurance industry and organizations’ risk management functions. The execution of their vision for transforming this process has fueled 40x the number of transactions on the platform over the last year and we’re thrilled to partner with them to support this growth.” – Stephanie Khoo, Nyca.

“With most of the capital from this raise, we’ll be accelerating the hiring of top-tier talent to continue supporting the hypergrowth we’ve been experiencing. Our goal is to quickly expand our team, including the hiring of many key leadership positions, while maintaining profitability along the way.” – Rob Blanchette, co-founder at Certificial.