Bond-Pro, the leading provider of insurance and specialty insurance products and services, today announced that it has secured $10 million in growth equity funding to continue accelerating Bond-Pro’s vertical market integration strategy between carriers and agencies and to scale up Bond-Pro’s delivery capabilities to meet continued market demand from top US and Canadian insurance providers. Volition Capital led the financing round and Roger Hurwitz, Managing Partner at Volition Capital, will join the Board of Directors of the Company.
“Capital provides us with the resources to further strengthen Bond-Pro’s Next Gen Surety Carrier and Agency solutions, accelerate global expansion beyond North America and launch a B2B Surety Hub that seamlessly connects carriers and agencies in real time,” said Frederick Duguay, CEO of Bond-Pro. “We are excited to continue building on the success of our modern Next Gen Platform solution, which already enables our clients to automate processes, significantly reduce operating costs and mitigate their risk of underwriting, while increasing premiums by making it much easier for agents to write with them. “That’s right.
“What impressed us the most is how fast Bond-Pro has grown to become the leading provider of security and related specialty insurance solutions, and has done so in a bootstrapped, profitable way,” said Roger Hurwitz, Managing Partner at Volition Capital. “The Bond-Pro team has a vision and a foundation in place to transform specialty insurance automation. We look forward to partnering with the team to help them improve their reach and expand their offerings. “That’s right.
About Capital Volition
Volition Capital is a growth equity firm that mainly invests in high potential founder-owned companies across different technology sectors. The firm specializes in partnering with the founders to help them achieve their fullest business aspirations. Much of Volition’s success has come from investing in capital-efficient technology companies in sectors such as: SaaS enterprise, consumer e-commerce/brands, technology-enabled services and transactional applications. Visit https://www for more information. Capital of volition Come on,
On the Bond-Pro
Bond Pro, Inc. The developer and publisher of Bond-Pro Enterprise Next Gen, the leading automation and management software used by hundreds of agencies and dozens of insurance companies to drive higher premiums, improve underwriting efficiency, reduce costs and mitigate risk Its enterprise products and services enable specialist insurance professionals to fully computerize and effectively manage the entire life cycle, including Accounts, Jobs, Bonds, Claims, Reinsurance, Workflow and Data Analytics. For further information, please call 813-413-7576 or visit https://www Bond-pros Come on,
Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/Bond-Pro/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at firstname.lastname@example.org