MTech Capital invests in DealerPolicy

MTech Capital has invested in car insurance marketplace DealerPolicy .

Established in 2015, the Vermont-based company is a team of ~85 offering an insurance marketplace for automotive dealers that integrates into the car-buying process, both online and in-store using customer data already provided for vehicle financing, to provide customers with multiple insurance quotes to later connect with a licensed agent.

The company represents 30+ insurance carriers and has over 400 dealer clients operating in 13 states. “One of the key drivers of the company’s success has been the recent introduction of its new Digital Dealer Agency program, a highly compelling financial opportunity exclusively for franchise auto dealers.”