SALT Insure raises $2 million

Grapevine-based SALT Insure has raised $2 million in a Series A round led by Eagle Venture Fund.

Founded in 2018 by Box Insurance, the company (a team of ~8) offers independent agents a digital application to quote home and auto where they can share a branded URL with prospects and reduce the time it takes to quote.

According to the press release:

  • In Q1 2022, the SALT team grew the agent subscriber base by 40%.
  • Independent Insurance Agents of Texas (IIAT) announced its endorsement of SALT.
  • SALT integrated with two main comparative raters — PL Rating — a Vertafore product and EZLynx — an Applied Systems product.
  • SALT integrated with two big data partners making the data collection process ‘seamless’ for the end user, the IA prospect — Fenris which gathers VIN #s as well as household drivers and Estated which gathers real estate property data.

The company also announced it’s welcoming two new board members: Robert Nitsche and Casey Nelson.