Hopkinton software firm raises $6M
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Hopkinton-based Veruna has raised $6 million in investment from two prominent insurance carriers.
Veruna, a Hopkinton company specializing in insurance technology software, has completed a $6-million funding round.
Funding came from two prominent insurance carriers, the company said in announcing the funding May 1, which it said will fund general expansion.
The new investment came in Series A funding, which generally comes with preferred stock or partial ownership for investors. Veruna didn't name the two insurance investors.
Veruna, founded in 2015, provides a cloud-based management system based on a platform by the San Francisco computing giant Salesforce. It launched on the Salesforce AppExchange, a cloud-computing marketplace, in 2017.
The company said it has spent the last two years building out its system and refining methods for agencies to use the program.
WBJ Web Partners
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