XILO, a San Diego-based provider of quoting software for independent insurance agencies, has raised $7.2 million in its Series A funding round led by Altos Ventures, with participation from Cove Fund, Navigate Ventures LLC, New Stack Ventures, and Splash Capital.
New Stack Ventures proudly led XILO’s pre-seed round, supporting their vision from the early stages and helping them build the foundation for scalable growth in the insurance tech space.
XILO’s platform offers customizable digital intake forms that integrate seamlessly with Agency Management Systems (AMS) and raters. This streamlined approach automates data entry, allowing insurance agencies to:
- Enhance efficiency by reducing manual data entry.
- Boost conversion rates through automated workflows.
- Improve customer experience with faster, more accurate quoting processes.
Founded in 2017, XILO has been on a mission to simplify and optimize the quoting process for independent insurance agencies. This new capital will fuel product development, market expansion, and continued innovation in the insurance tech space.
Read more about XILO's Series A funding round in Insurtech Insights: XILO Secures $7.2 Million in Series A Funding to Enhance Insurance Quoting Solutions.
For more information about XILO and their innovative solutions, visit their website at www.xilo.io.