PolicyBound raises $2 million

Philadelphia-based PolicyBound has raised $2 million in funding, according to a recent SEC filing. The startup previously raised $5 million in April 2023 from Archetype Solutions Group, bringing its total funding to $7 million. According to the SEC Form D, PolicyBound’s goal was to raise $4 million.

Founded in 2023, PolicyBound offers a tech platform built to help insurance brokers grow their business. The company provides tools for digital client engagement, carrier comparison, and automation—without requiring custom code.

PolicyBound now employs 15 people, a 36% increase over the past year.