TrustLayer raises $15 million

San Francisco-based automated insurance verification platform TrustLayer closed a $15.1 million Series A funding round, bringing its total funding to over $21 million. Craft Ventures led the round with participation from returning investors Abstract Ventures, Box Group, Propel Venture Partners, NFP Ventures, Sure Ventures, and new investor PruVen Capital.

Founded in 2018, TrustLayer (a team of ~30) automates the proof of insurance workflow with machine learning, AI, and distributed ledger technologies. Customers and pilot partners in multiple billion-dollar industries such as construction and property management rely on TrustLayer for its ease of use, tracking and verifying certificates of insurance & other business documents, increased vendor compliance, and the ability to utilize their platform for multiple use cases.

It has a partnership with Graham Company, one of the country’s largest insurance brokers and employee benefits consultants, and with Procore.