Talage , the “SaaS-based digital insurance platform,” announced that it has closed $5 million in Series A funding led by Merus Capital, with participation from Calibrate Ventures, WTI and Hallador Investment Advisors. All are existing investors, with the exception of Calibrate Ventures. The new funds will be used to scale the company’s engineering and business development teams, as “customer demand continues to grow.”
Founded in 2015 by Adam Kiefer, Matt Donovan and Zachary Draper, Talage’s platform allows small business owners to purchase commercial coverage from agents online. The SaaS-based software streamlines the manual task of selling coverage, enabling “significant cost and time savings” for insurance agents. The Talage platform is now live across the country, and over $1 million in insurance coverage to businesses in over 40 states has been sold.