The Hiscox-backed insurance brokerage platform has received $20m in a Menlo Ventures-led round that increased its overall funding to more than $30m.
Indio Technologies, a US-based digital insurance software developer backed by insurance provider Hiscox, landed $20m yesterday in a series B round led by venture capital firm Menlo Ventures.
Fellow VC firm 8VC also participated in the round having previously led a $6m series A round for the company in February 2018 that also featured Menlo Ventures, Compound and Merus Capital.
Founded in 2016, Indio has built a workflow management platform that enables insurance brokers to automate and digitise their…
