What is Xilo?
Xilo operates as a comprehensive Workflow Automation Platform, providing essential integrations, customer-facing portals, and automation tools tailored for the insurance industry. Its core function is to modernize and streamline the quoting process for insurance agencies, enhancing efficiency and customer experience. The platform's capabilities are designed to address the specific needs of a sector often characterized by complex workflows and legacy systems, positioning Xilo as a key player in digital transformation within insurance.
How much funding has Xilo raised?
Xilo has raised a total of $7.2M across 1 funding round:
Series A
$7.2M
Series A (2025): $7.2M with participation from Altos Ventures, Splash Capital, New Stack Ventures, and Navigate Ventures
Key Investors in Xilo
Altos Ventures
Altos Ventures is a Silicon Valley-based venture capital firm that invests in early to growth-stage technology companies in both consumer and enterprise sectors. Founded in 1996, the firm typically serves as the first institutional investor and supports portfolio companies over the long term, managing several billion dollars in regulatory assets under management.
Splash Capital
Splash Capital provides funding solutions specifically designed for startups. The company aims to support emerging businesses in their growth and development phases. By offering financial resources, Splash Capital targets entrepreneurs looking to launch or expand their ventures. Their services are tailored to meet the unique needs of innovative startups seeking capital investment.
New Stack Ventures
Founded in 2015, New Stack Ventures is an early-stage venture capital firm focused on investing in founders who are often overlooked by traditional venture capital firms. Founded by Nick Moran, New Stack Ventures targets startups in under-capitalized markets and geographies, with a particular focus on IoT, deep tech, smart hardware, and various platform-based business models.
What's next for Xilo?
With the recent major strategic investment, Xilo is poised for accelerated expansion and product development. The substantial capital infusion, part of its Series A financing, suggests a focus on scaling operations, enhancing its integration ecosystem, and potentially broadening its market reach beyond core insurance quoting. This funding will likely enable Xilo to further solidify its position as a leader in workflow automation for the insurance sector, driving innovation and capturing greater market share. The company's trajectory indicates a move towards becoming a dominant enterprise-level solution.
See full Xilo company page
