Salty Dot raises $16 million
Salty Dot announced $16 million in total funding. Founded in 2019, the company offers a platform to allow carriers and distribution partners to offer insurance in real-time during the purchase process.
“Salty is creating the new category of Embedded Insurance. This presents an opportunity to fundamentally change insurance underwriting and distribution, to the benefit of consumers and insurers alike,” said Serik Kaldykulov, Managing Partner at Elefund.
“We are excited to support Salty. Their technology platform makes the insurance process seamless, benefitting carriers, distribution partners, and consumers,” said Scott Earthy, Managing Partner of Fremont Group.
Licensed in all 50 states, Salty is also applying funds to fuel the recruitment of its distribution network.
“We are grateful for the immense interest in Salty, which we founded to transform the insurance industry and focus on the customer by powering a simple, transparent, self-service technology,” said James Hall, Founder and CEO of Salty.