Assurely raises Seed round to expand insurance offerings

NYC-based MGA for embedded insurance, Assurely , has raised a seed round led by ATX Ventures, bringing its total funding to ~$3.7 million.

Founded in 2016, the team of ~12 currently offers TigerMark, a Directors & Officers–like insurance program targeting how companies use technology and the internet to find investors and raise capital, primarily via the JOBS Act – Reg A, Reg CF and Reg D-506(c).

“Everything the founding team has done personally and professionally is prologue to this massive opportunity, including (co-founder) Ty Sagalow’s groundbreaking work as a founding member of Lemonade and his pre-Lemonade work creating cyber insurance, Y2K, the modern-day D&O form and other products fundamental to insurance today. Assurely is absolutely the exact right team positioned at the exact right time to capture this market. ATX is thrilled to back such an exceptional and ambitious team to lead their debut institution round of funding.” – Co-founder and Partner at ATX Ventures, Chris Shonk.

“We are excited to have made Austin, Texas, our home base, with a talented team working remotely as well. We are lucky to be surrounded by such a rich pool of talent and innovation here, as well as a supportive and knowledgeable investor base. It is all hands on deck to capture the revolutionary opportunities in this space.” – Co-founder and CEO of Assurely, David Carpentier.

Assurely will be going live with its second product in Q4 2020.