What is QuoteWell?
Founded in 2021, QuoteWell operates as a tech-enabled wholesale insurance brokerage that bridges the gap between complex, small-to-mid-size commercial risks and the non-admitted insurance market. The company distinguishes itself by integrating sophisticated artificial intelligence with deep human underwriting expertise, effectively reducing the friction typically associated with high-complexity risk placement. By digitizing the brokerage workflow, QuoteWell addresses long-standing inefficiencies in the insurance value chain, positioning itself as a critical infrastructure provider for modern commercial insurance distribution.
How much funding has QuoteWell raised?
QuoteWell has raised a total of $27M across 2 funding rounds:
Series A
$15M
Other Financing Round
$12M
Series A (2023): $15M with participation from GOLDCREST, Nea, and Floating Point Group
Other Financing Round (2025): $12M led by New Enterprise Associates, Brand Foundry Ventures, and Clock Tower Ventures
Key Investors in QuoteWell
New Enterprise Associates
A premier venture capital firm established in 1977, NEA focuses on partnering with entrepreneurs to build transformative businesses across various technology sectors.
Clock Tower Ventures
A Santa Monica-based venture capital firm specializing in financial technology, supporting innovative companies that are reshaping the global financial services landscape.
Brand Foundry Ventures
An investment firm that provides strategic capital to emerging companies, focusing on building sustainable value within the commercial and industrial sectors.
What's next for QuoteWell?
With this major enterprise-level funding, QuoteWell is poised to accelerate its technological roadmap and expand its market footprint. The strategic allocation of this capital will likely focus on scaling its AI-powered underwriting engine and deepening its relationships with carriers in the non-admitted space. As the firm transitions from its initial scaling phase into a more mature enterprise lifecycle, the focus will shift toward enhancing operational throughput and capturing a larger share of the wholesale brokerage market, ultimately setting a new standard for efficiency in the commercial insurance sector.
See full QuoteWell company page
