BOSTON, June 12, 2019 /PRNewswire/ -- Today,
insurance technology company Hi Marley announced that early stage
venture capital firm True Ventures has led its $8.7 million Series A funding round, with
participation from Underscore VC.
Hi Marley is revolutionizing the insurance industry with its
intelligent conversational platform. The messaging solution works
alongside insurance carriers to modernize customer conversations by
connecting the entire insurance ecosystem. Hi Marley streamlines
communication around claims, underwriting and service interactions
to improve the customer experience. This increases retention and
lifetime value while reducing costs and cycle time. By uniting
siloed entities that fall within a typical customer experience –
carriers, agents and service providers – Hi Marley drives better
outcomes for customers, insurers and their partners.
"Hi Marley automates the claims process while still maintaining
a very human element," said True Ventures Partner Puneet Agarwal.
"For all stakeholders in the insurance ecosystem, the platform
enables a new level of customer happiness the industry has never
before seen." Agarwal has joined the Hi Marley board.
True Ventures received the National Venture Capital
Association's 2018 Firm of the Year Award and has a strong track
record of backing SaaS companies with strong product-market
fit. The support of the firm validates Hi Marley's vision to
empower the insurance ecosystem with an AI-driven platform.
"We're beyond thrilled to have True Ventures and Underscore join
us as we fill the communication gap between insurers and their
customers," said Mike Greene, Hi
Marley CEO. "We're far into the age of the customer, and the
insurance industry wants in. We wanted to provide a solution that's
sole purpose is to delight the end customer by delivering what they
expect. To create a seamless customer insurance experience, we are
connecting all the various insurance players into a single
conversation, happening in real time. We're ecstatic to build this
service for the world."
Hi Marley is based in thriving downtown Boston, which sparked support and backing from
local venture capital firm Underscore.
"Building on the founders' deep industry experience and tapping
into Boston's rich talent pool,
the Hi Marley team is well positioned to transform customer
experience across the insurance ecosystem. We at Underscore,
alongside our Core community, are proud to be a local partner
alongside the Hi Marley team," said Lily
Lyman of Underscore VC. Underscore's community-driven model
aligns perfectly with Hi Marley's community-focused platform to
alleviate the communication barrier, so carriers and customers can
move forward together.
About Hi Marley, Inc.
Hi Marley is a software provider
offering the first AI-enabled conversation platform specifically
designed for the insurance industry. Hi Marley enables insurance
carriers to easily and quickly communicate with customers and other
partners in the insurance ecosystem so they can deliver an optimal
customer experience. The platform has flexible APIs and requires
zero integration to get started. Learn more
at www.himarley.com.
About Underscore VC
Underscore VC is a Boston-based venture capital firm that backs
bold entrepreneurs from inception to scale with dynamic capital and
an aligned community designed to fit each startup's unique needs.
To learn more about Underscore VC and the Underscore Core
community, visit www.underscore.vc.
About True Ventures
Founded in 2005, True Ventures is
a Silicon Valley-based venture capital firm that invests in early
stage technology startups. With more than $2
billion under management, True provides seed and Series A
financing to entrepreneurs in today's fastest growing
markets. The True team believes creativity flourishes when
founders are supported fully and empowered to pursue brave ideas.
To that end, the firm offers programs that inspire both
professional and personal growth. To date, True has helped
more than 250 companies launch and scale their businesses, creating
over 10,000 jobs worldwide. The firm was awarded 2018 Venture Firm
of the Year by the National Venture Capital Association. To learn
more, visit www.trueventures.com.
Press Contact:
Taylor Lord
Director
of Marketing, Hi Marley
taylor.lord@himarley.com
(844) 962-7539
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SOURCE Hi Marley, Inc.