The company has raised a $3.25 million Series A-1 funding round.

Olive has now secured $385 million in financing in the last nine months and $448 million since the company’s founding in 2012. This new round brings the company’s valuation to $1.5 billion.

The capital will be used to grow the team and focus on product development as the company builds new solutions that create operational efficiencies and reduce compliance risk for agencies, carriers, and MGAs.

Founded in 2017, the company raised a $10 million seed round of funding led by Foundation Capital and Union Square Ventures in early 2020. It works with more than 500 independent agencies. 

Founded in 2018, StartupCare provides SMEs and startups with group medical solutions.

BRP group will own and operate AHT through its middle-market subsidiary and operating group.

“SubLocal provides small businesses, including newest addition Gelato Fiasco, with the predictable, recurring revenue necessary to navigate the financial uncertainties caused by the pandemic.”

At the moment, Bestow is a licensed carrier in Texas and it plans on remaining a digital agency selling term life insurance policies issued by North American Company for Life and Health Insurance.

Financial details of the transaction are not disclosed.

Launched earlier this year and led by founder and CEO Sai Lakshmi, Caura is a mobile app designed to manage all of the vehicle-related admin that car owners endure.

A turnkey product and carrier agnostic online insurance platform for carriers, brokers, employers, associations, and retailers to offer life and supplemental health protection plans in an 'easy-to-use, secure and streamlined digital environment'.

Zywave plans to align and integrate ITC’s products with its Sales Cloud offering, which includes multiple front-of-office solutions that streamline mission-critical workflows to strengthen organic growth.

The transaction is expected to close in the first quarter of 2021, subject to regulatory approval and other customary closing conditions.

Proceeds will enable the expansion of operations in the US, UK, and international markets, and accelerate product innovation.