# Certificial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/certificial

- Industry: Software
- Headquarters: US
- Website: www.certificial.com
- Total disclosed funding: $21M
- Latest round: Series B (Jul 12, 2023)
- Investors on record: 6

## About

Founded in 2019 and based in New Jersey, US, Certificial, Inc. develops an insurance verification platform that provides access to supplier's insurance coverage and automatic updates providing solutions for agents and brokers associated with insurers. The company was founded by CEO, Pete Teresi, former Chief Technology Officer of ACORD. In July 2023, Certificial, Inc. raised USD 15 million in venture funding led by new investor Nyca Partners, with participation from returning investors IA Capital, Fin Venture Capital, Cofounders Capital, Cameron Ventures, and Nationwide Ventures.

The company's product is composed of a platform that provides a solution for the insurance verification process. The platform digitizes the process of processing point-in-time documents for the continuous update of coverage information to assess the compliance of every entity involved that includes the requestor, insured, and agent or broker. 

Certificial, Inc.’s revenue is generated by the subscription availed by a requestor. For professionals, the company charges them USD 199/month.

## Funding rounds

- Series B, Jul 12, 2023, $15M — IA Capital Group, Nyca, Cofounders Capital, Nationwide Ventures, Fin Capital, Cameron Ventures
- Series A, Jun 8, 2021, $5.8M — IA Capital Group, Cofounders Capital, Nationwide Ventures, Fin Capital, Cameron Ventures

## Investors

- IA Capital Group (https://capitalatlas.ai/funds/ia-capital-group) — Series A, Series B
- Cofounders Capital (https://capitalatlas.ai/funds/cofounders-capital) — Series A, Series B
- Nationwide Ventures (https://capitalatlas.ai/funds/nationwide-ventures) — Series A, Series B
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Series A, Series B
- Cameron Ventures (https://capitalatlas.ai/funds/cameron-ventures) — Series A, Series B
- Nyca (https://capitalatlas.ai/funds/nyca) — Series B