Pruven Property Management
Pruven Property Management – San Francisco-based automated insurance verification platform TrustLayer closed a $15.1 million round of funding, bringing its total funding to more than $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 (~30 teams) works on proof of insurance and machine learning, AI and distributed ledger technologies. Clients and pilots in multi-billion dollar industries such as construction and asset management rely on TrustLayer for ease of use, tracking and verification of insurance certificates & other business documents, increasing of vendors, and the ability to use their systems for multiple uses. case.
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It has partnerships with The Graham Company, one of the world’s largest insurance brokers and employee benefits providers, as well as Procore.
Trustlayer Raises $15 Million
Founded in 2018, TrustLayer uses machine learning, AI and distributed ledger technology to provide proof of insurance services.
Has come out of stealth mode and announced the launch of an automated insurance verification platform. The company also announced…
TrustLayer, a collaborative risk management platform, has announced that it has raised $15.1 million in Series A funding led by Craft Ventures. Other participants include Abstract Ventures, Box Group, Propel Venture Partners, NFP Ventures, Sure Ventures, and new investor PruVen Capital. Brian Murray, partner and COO of Craft Ventures, will join TrustLayer’s Board of Directors as part of the investment round.
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The funding will enable the company to extend its live digital proof of insurance and interface with the record systems of insurers, expanding to carriers with carriers like Liberty Mutual. and Nationwide.
In just two years, TrustLayer has established itself as the best solution to replace the old insurance company, a paper-based way to verify insurance, which exposes its suppliers such as construction, banking , resource management, and recreational sports at extreme risk. . Twenty of the top 100 brokerage firms, including The Graham Firm, Holmes Murphy, Heffernan Insurance Brokers, M3 and BrokerTech Ventures, have endorsed TrustLayer. TrustLayer secures this process by using robotic process automation (RPA) and artificial intelligence (AI) to check the insurance and licensing of vendors, suppliers, lenders and borrowers. .
It’s clear that verification of insurance and business credentials is a pain for millions of businesses, which is why we’ve seen such enthusiastic support for TrustLayer’s automated, secure security. such great support from high-end SaaS funds like Craft Ventures and some of the biggest insurance brokers in the country, great corporate support for our technology. We hope to continue at this level with the support of our investors. John Fohr, founder and CEO of TrustLayer
Following the success of many pilots in 2020, well-known insurance brokers decided to invest in the industry and become channel partners, selling the service to their customers. TrustLayer is BrokerTech Ventures’ first investment in a startup that has completed its accelerator program. BrokerTech Ventures owns the 13 largest performing insurance companies in the United States and the top 11 insurance companies. The only solution with this level of industry support is TrustLayer.
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Insurance helps reduce risk. For a business, insurance plays a very important role in the sustainability of its operations. The problem is not clear who is covered and how much – we are still converting PDFs and faxes that are not good enough to show the old cover. TrustLayer solves this. Their technology streamlines the collection and verification of insurance, helping companies and their partners to better monitor and avoid business interruptions. Brian Murray, partner and COO at Craft Ventures
TrustLayer’s Series A funding follows an outstanding year for the industry, which has seen significant growth in construction, property management, gaming, and hospitality. To meet the growing demand for its solutions, the company is actively recruiting top employees across its sales, marketing and engineering departments.
Is a journalist in the SaaS Industry. It covers SaaS technology and startups. He enjoys writing stories and creating stories. He has completed his diploma in journalism and loves technology.
This helps in promoting business and growth, tap new revenue streams, reduce costs and engage with consumers, the report says.
Insurance Verification Startup Trustlayer Lands $15.1m
Is the undisputed leader in tenant experience technology with over 150M square feet under management. The company tripled its revenue in the last 12 months and doubled its headcount. The new funding will accelerate development plans and continue the company’s commitment to its global products through research and development, as well as supporting future mergers and acquisitions.
“Consumer demand for gifts continues to be exceptional. The company helped homeowners, homeowners and residents adapt to the changing global pandemic,” said AJ Malhotra at Insight Partners. “Empowering homeowners to bring wealth them in the future through in-house experience, technology collaboration, and advanced data and analytics capabilities. This is important to the success of CRE, and we are happy to continue our partnership with the team as they lead the opportunity for the tenant experience. “
Serves more than 60 real estate clients worldwide, including Columbia Property Trust, Vornado Realty Trust, Nuveen Real Estate, Jamestown LP., Hudson Pacific Properties, Grosvenor, Landsec, JP Morgan Asset Management, and Land Endurance. By using the platform, landlords and housing associations are guaranteed benefits in an ever-changing business environment. allowing business owners to deliver value using technology that blends physical and digital office experiences to better engage with their residents. These technological advancements also provide important insights that can be leveraged to create maximum value for their assets.
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Co-founder and CEO Chase Garbarino said, “We’re really excited about our Series C round being led by our existing investors, and bringing together a network of Investors are gearing up for unprecedented growth as the world returns to the office. This funding cycle is more than just capital; it comes with strategic partnerships that will expand our capabilities and share our gifts.”
“The CRE industry continues to shift the equation from the physical appearance of the building to the tenants and workers who occupy them. We believe that the tenant experience platform will helped fill this transition. After careful research, we have identified as the leader in the tenant experience market,” said Travis Skelly at PruVen Capital. “Their best-in-class technology has resulted in a platform that tenants prefer. We are very excited to work with that team to help them deliver exceptional products with superior technology and customer service.”
“We have been proud investors since 2018 and are excited to support them as they expand the company’s technology-driven industry,” said Yishai Lerner, Co- CEO at JLL Technologies said. “is a must-have product for every homeowner looking to retain, attract and build strong relationships with their residents.”
Trusted by real estate agents worldwide to help them deliver a modern tenant experience in their properties. Operating over 150 million square feet in 7 countries, known for its tenant experience platform with award-winning tenant tools, labs, and partner marketplaces. Our solutions put the experience and perspective of the community directly in the hands of real estate owners while helping real estate owners uncover insights and take intelligent action to realize their assets. For more information, visit www.
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From concept to manufacturing, then distribution to retail shelves, work with Pruven Industries to turn your idea into a success story.
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