Live Oak Ventures backs AgencyKPI

AgencyKPI announced its Series B round of funding will include an investment from Live Oak Ventures, the investment arm of Live Oak Bancshares. Other investors include EMC Insurance, Keystone Insurers Group, and Combined Agents of America.

Founded in 2017, the company is developing a business intelligence platform to address and manage the overabundance of data produced across the insurance industry. Once client is INSURICA .

AgencyKPI will use its next round of funding to hire more software developers, data scientists and vital personnel to accelerate the development of cloud-based software that strengthens the ability of independent insurance agencies, insurance carriers, brokers and networks to assess data to remain nimble and profitable.