# Broker Buddha

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/broker-buddha

- Industry: Software
- Headquarters: New York, US
- Website: www.brokerbuddha.com
- Total disclosed funding: $5M
- Latest round: Series A (Apr 28, 2022)
- Investors on record: 2

## About

Broker Buddha Inc. is a digital solutions company that optimizes the insurance application process for small businesses, enhancing client experience and operational efficiency through innovative technology.Broker Buddha Inc. was founded in 2017 and is headquartered in New York, US. The company specializes in facilitating digital insurance solutions, allowing clients to transition from paper-based forms to interactive online formats. Jason Keck serves as both the founder and CEO. In April 2022, Broker Buddha raised USD 5 million in Series A funding led by SiriusPoint Limited, with participation from Vertex Ventures and other investors. The total amount raised by the company stands at USD 5 million, with a current valuation of USD 29.748 mn. Broker Buddha has successfully executed three deals to date, with the most recent deal occurring on April 28, 2022.Broker Buddha specializes in digital solutions that streamline insurance application processes for small businesses, enhancing client experience and operational efficiency. Their core offerings include a digital submission platform that allows users to convert traditional paper-based forms into an interactive online format. This platform features pre-filled applications and customizable smart forms, enabling brokers to manage submissions more effectively while reducing complexity for clients. The service aims to strengthen client relationships through personalized experiences, minimizing redundant questions and utilizing pre-existing data. Broker Buddha primarily serves clients in the insurance sector across North America, focusing on improving workflows for insurance agencies and brokers.Broker Buddha generates revenue through a subscription-based model, providing insurance agencies and brokers access to its platform. Clients engage with the platform under a partnership structure, paying subscription fees for utilizing a suite of digital tools that includes interactive forms and streamlined workflows. While specific pricing details for individual products and services are not disclosed, the platform's value lies in reducing time spent on repetitive tasks and enhancing the overall client experience during the insurance application process.In April 2022, Broker Buddha raised USD 5 million in Series A funding, led by SiriusPoint and supported by Vertex Ventures, to advance its growth strategy. The company aims to launch new product features designed to further enhance user experience and operational efficiency in the coming year. Additionally, Broker Buddha plans to expand its market presence into new geographic regions across North America by the end of 2023. The recent funding will be utilized to support these initiatives and drive further innovation in its product offerings.

## Funding rounds

- Series A, Apr 28, 2022, $5M — Vertex Ventures, SiriusPoint Limited

## Investors

- Vertex Ventures (https://capitalatlas.ai/funds/vertex-ventures) — Series A
- SiriusPoint Limited — Series A