Comulate raises $20 million

Comulate, a startup offering an accounting automation and revenue intelligence platform for insurance brokers, announced a $20 million Series B funding round led by BOND and Workday Ventures. As part of this investment, Comulate also joins Workday’s Partner Program to accelerate deeper integration for shared customers.

Founded in 2022, the San Francisco-based startup says its team includes founders and executives from Brex, Asana, Plaid, Applied Intuition, Coalition, and more. Some of its customers include IMA Financial, The Baldwin Group, and Hilb Group, and it claims to have “millions” of ARR in less than 18 months.

“We’re grateful to be joined by world-class partners who share our conviction and accelerate us in bringing new solutions to life. We’re in the early innings of our journey and are excited to build upon our momentum.” – Jordan Katz, Co-Founder and CEO of Comulate.

“Comulate has scaled to 8-figure revenues in less than 3 years since founding – an unprecedented pace in the insurance industry. The team is uniquely positioned to broaden its vision and transform an industry still burdened by hundreds of billions of dollars spent on manual operations across the value chain.” – Jay Simons, General Partner at BOND and former President of Atlassian.