Canopy Connect
Automated insurance data collection with a 1-click solution, enhancing client relationships through accurate, comprehensive information.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
* | $6.5m | Series A | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 7 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Canopy Connect is a startup operating in the insurance technology (insurtech) sector, providing a platform that offers access to structured property and casualty (P&C) insurance data via an Application Programming Interface (API). This data includes both personal and commercial insurance information. The company's platform is designed to serve insurance carriers, agents, and brokers, helping them to streamline their operations and improve efficiency.
Canopy Connect's business model revolves around providing its clients with a Software Development Kit (SDK) that allows them to quickly integrate the company's API into their own systems. This API provides access to a wide range of insurance data, including auto, homeowner, and commercial policies. The company charges its clients between $100k and $300k for the SDK, and between $15k and $30k for access to the API.
The company operates in a broad and deep market, with access to more than 250 of the top insurance carriers in the personal and commercial P&C sectors. This extensive market coverage allows Canopy Connect to provide its clients with a comprehensive view of the insurance landscape.
Canopy Connect also offers a new integration with QuoteRUSH, a platform that allows insurance agents to quickly generate quotes for their clients. This integration eliminates the need for manual data entry, improving accuracy and speeding up quote turnaround times.
In summary, Canopy Connect is a technology company that provides a platform for accessing structured P&C insurance data. Its clients are insurance carriers, agents, and brokers, and it makes money by charging for access to its API and SDK.
Keywords: Insurtech, API, SDK, Insurance Data, P&C Insurance, Auto Insurance, Homeowner Insurance, Commercial Insurance, QuoteRUSH Integration, Data Entry Elimination.