How Much Did Harris Insurance Raise?
Funding & Key Investors

Harris Insurance has successfully secured a significant capital injection, bringing its total funding to $300K. This latest infusion, characterized by a $150K major strategic investment, underscores the firm's robust financial health and its capacity to leverage debt instruments for sustained operational expansion. By securing this financing, the brokerage reinforces its commitment to maintaining a competitive edge in the Florida insurance market.

What is Harris Insurance?

Established in 1965, Harris Insurance operates as a premier licensed brokerage headquartered in Downtown Fort Walton Beach, Florida. The firm distinguishes itself through a comprehensive portfolio of risk management solutions, spanning auto, homeowner, business, life, and marine insurance. With access to over 150 A-rated national carriers, the agency functions as a critical intermediary, simplifying complex insurance procurement for a diverse client base. Their long-standing market presence is anchored by a focus on high-touch customer service and high retention rates, positioning them as a stable entity within the regional financial services landscape.

How much funding has Harris Insurance raised?

Harris Insurance has raised a total of $300K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$150K

Debt (2020): $150K with participation from PPP

Debt (2021): $150K led by PPP

Key Investors in Harris Insurance

PPP

Public-Private Partnership

What's next for Harris Insurance?

With the recent capital influx, Harris Insurance is well-positioned to modernize its digital infrastructure and enhance its client acquisition strategies. The firm's focus on simplifying the insurance process suggests a strategic pivot toward automated underwriting and improved customer relationship management systems. As the company navigates the complexities of the modern insurance sector, this late-stage financing provides the necessary liquidity to scale operations, potentially exploring new geographic markets or diversifying its product offerings to meet evolving consumer demands. The emphasis on renewal retention remains a core pillar of their growth strategy, ensuring long-term value creation for stakeholders.

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Frequently Asked Questions Regarding Harris Insurance Financial Insights

What are the most recent funding rounds that Harris Insurance has completed, and what were the funding rounds?
Harris Insurance has recently completed 2 funding rounds: Debt on Feb 25, 2021, Debt on Apr 29, 2020.
What is the total amount of funding Harris Insurance has raised to date?
Harris Insurance has raised a total of $300K in funding to date.
How many funding rounds has Harris Insurance completed?
Harris Insurance has completed 2 funding rounds.
How much funding did Harris Insurance raise in its most recent funding round?
Harris Insurance raised $150K in its most recent funding round.
Who are the lead investors in Harris Insurance's latest funding round?
The lead investor in Harris Insurance's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Harris Insurance's history?
The largest funding round in Harris Insurance's history was $150K.
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