TNEDICCA raises $1.75 million
TNEDICCA closed a $1.75 million Series A round led by Tengro Ventures, with participation from Pixel Perfect Ventures, Grange Insurance , and others, bringing its total funding to $2.5 million.
Founded in 2015, the Columbus-based company (a team of ~5 according to Linkedin) acquires and curates traffic crash data and provides location-based crash intelligence through its cloud-based platform. The company provides solutions to auto insurance, navigation service, automotive manufacturing, and transportation planning industries. TNEDICCA’s traffic crash data and location risk analytics products are now available in 40 US states and the UK and have been adopted by insurance companies such as Swiss Re , Grange Insurance, and Buckle .
“After more than quadrupling our revenue last year, this funding enables us to take on key strategic initiatives such as gaining regulatory licenses as a Rate Service Organization (RSO) so insurance companies can easily adopt TNEDICCA’s unique solutions which will quickly benefit consumers. I am grateful for the confidence placed in us by our investors and insurance carrier partners.” – Yiem Sunbhanich, co-founder and CEO of TNEDICCA.
“TNEDICCA has developed a unique, high value solution that is the first new category of auto risk information to be released in the past 20 years. TNEDICCA’s founders, Yiem Sunbhanich and Nizam Syed, are innovative entrepreneurs, and I’m excited by the opportunity to partner and support TNEDICCA’s growth and future product innovation.” – Chris McKay, Managing Principal of Tengro Ventures.
“Combining TNEDICCA’s advanced data analytics with our auto products provides us with a more precise risk understanding of our customers, giving them confidence in their coverage and Grange. Their product is a win for all as we’re able to offer policyholders competitive rates, which makes it easier for our agency partners to do business with us. At Grange, we pride ourselves on investing in innovative solutions that better the industry, something we know TNEDICCA will continue to do.” – Grange Insurance President of Personal Lines, Cheryl Lebens.