# HeraldAPI

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

- Industry: Insurance
- Headquarters: Boston, US
- Website: www.heraldapi.com
- Total disclosed funding: $20M
- Latest round: Series A (Jan 11, 2024)
- Investors on record: 4

## About

HeraldAPI, based in the US, specializes in digital infrastructure for the commercial insurance sector, providing an API that streamlines quoting, binding, and issuing insurance across multiple carriers.Founded in 2021 and headquartered in Boston, US, HeraldAPI is focused on enhancing the commercial insurance landscape. The company has secured a total of USD 12.00 mn in funding across three deals, with the most recent being a Series A round in January 2024, co-led by Lightspeed Venture Partners and Brewer Lane Ventures. The founder, Duncan Crystal, has a history of entrepreneurial ventures in technology and software development.HeraldAPI offers a digital infrastructure platform specifically tailored for commercial insurance, featuring a single API that allows brokerages and SaaS platforms to quote, bind, and issue insurance from over sixty leading carriers. The API supports a variety of products, including General Liability, Workers’ Compensation, Business Owner’s Policies, and Cyber Insurance, facilitating a more efficient insurance distribution process for clients across North America, Europe, and parts of Asia.HeraldAPI generates revenue through B2B partnerships with insurance carriers and brokers via its API services. Brokers use this API to streamline the quoting and policy binding process, enabling quicker service delivery to their clients. Clients typically engage in subscription-based agreements that provide access to comprehensive documentation and ongoing support, allowing them to integrate Herald's services into their existing workflows effectively.In January 2024, HeraldAPI raised USD 12.00 mn in Series A funding to expand its AI capabilities and develop new products while enhancing relationships with insurance carriers. The company aims to target new markets, with specific plans to expand its reach in Europe and Asia by the end of 2024, leveraging recent investments to support these initiatives.

## Funding rounds

- Series A, Jan 11, 2024, $12M — Lightspeed Venture Partners, Underscore VC, Afore Capital, Brewer Lane Ventures
- Seed, Dec 15, 2021, $8M — Lightspeed Venture Partners, Underscore VC, Afore Capital

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A
- Underscore VC (https://capitalatlas.ai/funds/underscore-vc) — Seed, Series A
- Afore Capital (https://capitalatlas.ai/funds/afore-capital) — Seed, Series A
- Brewer Lane Ventures (https://capitalatlas.ai/funds/brewer-lane-ventures) — Series A