What is SureBright?
SureBright operates as an innovative Insurance-as-a-Service platform, empowering businesses to seamlessly embed insurance and warranty products directly onto their websites. By facilitating these integrations, SureBright enables companies to enhance their customer offerings and increase Average Order Value by an impressive 14%. The company's approach democratizes access to embedded insurance solutions, making them available to a broader range of businesses looking to augment their digital storefronts.
How much funding has SureBright raised?
SureBright has raised a total of $2.5M across 1 funding round:
Other Financing Round
$2.5M
Other Financing Round (2022): $2.5M with participation from Wicked VC, Panache Ventures, Plug and Play Tech Center, Insur-Tech Fund NYC, and Motivate Venture Capital
Key Investors in SureBright
Panache Ventures
Panache Ventures is a leading pre-seed and seed fund in Canada, dedicated to helping visionary entrepreneurs build high-growth companies from the ground up. They provide initial investments of up to $1.5 million and often serve as the first institutional investor for founders across various sectors.
Plug and Play Tech Center
Founded in 2006, Plug and Play Tech Center is an early stage investor, accelerator and corporate innovation platform with global headquarters in Sunnyvale, California with additional locations across the globe.
Motivate Venture Capital
Motivate Venture Capital specializes in early-stage investments, focusing on pre-seed and seed stage companies. They provide capital, experience, and connections to ambitious founders aiming to create innovative solutions.
What's next for SureBright?
With a substantial enterprise-level funding injection, SureBright is poised for accelerated growth and market expansion. The recent strategic investment signals strong confidence from backers in the company's business model and its potential to disrupt the embedded insurance landscape. Future initiatives will likely focus on scaling operations, enhancing platform capabilities, and forging new partnerships to broaden its reach. This capital infusion will be critical in solidifying SureBright's position as a leader in enabling seamless insurance and warranty product integration for e-commerce businesses.
See full SureBright company page
