Terrene Labs Raises $50K

According to KL Daily, Terrene Labs has just released form D announcing $100,000 equity financing and a fund raise of $49,999 , with plans to raise $50,001 more. The transaction took place on September 11, 2017. This is Terrene Labs:

The Ohio-based analytics and data startup, established in 2015, solves for incomplete data and information gaps by eliminating the complexity of data gathering and risk analysis. According to a video posted on its website, all it needs is a few pieces of information such as: customer name, zip code, phone number, and company url, for it to return several data points that shed light on the company’s financial, economic, and legal risks. Also, it promises, via its cloud-hosted solution, to transform insurers to data-driven businesses.

Bottom Line: 7 employees including two interns, according to LinkedIn, that are working on empowering agents and underwriters to make better decisions.