Sertis secures $3.2 million

Sertis, an MGA offering coverage for property owners, has raised $3.2 million in a funding round led by JLL Spark Global Ventures, with participation from BrokerTech Ventures and InsurTech NY.

Founded in 2022, Sertis claims that its proprietary risk assessment technology, which is built on “millions of data points” generated from a digital
property management platform, enables it to deliver risk-accurate pricing and coverage.

Sertis is currently offering multifamily property, general liability, and equipment breakdown insurance in 34 states. Policies are backed by Accelerant.

“The Sertis platform is a breath of fresh air in an industry that has struggled to effectively price and place risk. Commercial property owners that work with Sertis can finally be rewarded for the technology they deploy in the form of greater risk protection and lower premiums. At JLL Spark, a core piece of our evaluation criteria is a company’s ability to drive a demonstrable ROI for their customers – that answer has never been clearer than with Sertis.” – Ajey Kaushal, investor at JLL Spark.

“This funding round validates our innovation, strategic business model, and vision to deliver a stable and affordable multifamily insurance market and continue to strengthen our relationships with top brokers and independent agencies nationwide.” – Mark Gardella, CEO of Sertis.