InsurTech startup Quotall exceeds crowdfunding target

InsurTech company Quotall has exceeded the target of its crowdfunding campaign, pulling in £356,581, at the time of writing.

The campaign is being held on the Seedrs platform and has another 22 days left. Its pre-money valuation is £15.1m.

Quotall launched the crowdfunding effort with a target of £300,000; however, it has moved past the goal with the support of 107 investors.

Shares are priced at £1.2 apiece and Quotall has offered 2.3% of its equity for this sale, so far.

Based in London, the company was founded in 2010 with the hope to help large and high-profile enterprises enter the insurance market. It claims brands have found it tough to move into insurance, due to large up-front costs, regulatory complications and legacy technology.

Its technology is designed to remove these barriers and ensure more companies can enter the space. The SaaS platform enables firms to implement tools across the entire life-cycle, including quote and buy, underwriting, claims and management.

Open API services means the tools can easily be integrated with existing websites and systems.

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