MassMutual has helped commercial insurance platform operator Embroker achieve $140m of total funding by backing its series C round.
MassMutual Ventures, the corporate venturing unit for insurance firm MassMutual, has participated in a $100m series C round for US-based digital business insurance platform operator Embroker.
The round was led by venture capital firm FTV Capital with participation from HSCM Bermuda, the reinsurance subsidiary of asset manager Hudson Structured Capital Management, as well as Gaingels, Tola Capital, Canaan Partners and Bee Partners.
Founded in 2015, Embroker sells insurance products from commercial carriers through a digital platform that automates the underwriting…