XILO Secures $7.2M Funding to Revolutionize Digital Quoting Solutions for Insurance Agencies

XILO Secures $7.2M Funding to Revolutionize Digital Quoting Solutions for Insurance Agencies

San Diego’s XILO, a leading InsurTech company, has successfully secured $7.2 million in its recent Series A funding round, aimed at enhancing its innovative quoting software designed for independent insurance agencies. This investment, which brings the company’s total funding to $13.2 million, was backed by prominent investors including Altos Ventures, Cove Fund, Navigate Ventures LLC, New Stack Ventures, and Splash Capital.

About XILO: Transforming the Insurance Quoting Process

Founded in 2017, XILO specializes in creating digital intake forms that integrate effortlessly with various Agency Management Systems (AMS) and raters. The company’s platform significantly automates data entry processes, enabling insurance agencies to:

  • Enhance operational efficiency
  • Boost conversion rates
  • Streamline quoting processes

Future Plans with Funding

With the newly acquired capital, XILO is set to:

  1. Further develop its technology to improve user experience.
  2. Expand its market presence in the rapidly growing InsurTech sector.
  3. Refine workflows to better serve independent insurance agencies.

The company’s goal is to continually enhance its digital solutions, making quoting processes quicker and more efficient for the insurance industry.

Why XILO Stands Out in the InsurTech Landscape

XILO is committed to revolutionizing the way independent insurance agencies operate. The automation of data entry not only saves time but also reduces the likelihood of errors, providing agencies with a reliable tool to improve their services. This commitment to innovation positions XILO as a key player in the InsurTech space.

For more information about XILO and its offerings, you can visit their official website at XILO.io.

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