# Layr Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/layr-holdings

- Industry: Insurance
- Headquarters: Atlanta, US
- Website: www.withlayr.com
- Total disclosed funding: $25M
- Latest round: Series A (Sep 29, 2023)
- Investors on record: 8

## About

Layr Holdings, Inc., based in the US, specializes in transforming the small commercial insurance landscape with a technology-driven platform that optimizes agency operations and enhances client interactions.Layr Holdings, Inc. was founded in 2016 and focuses on providing innovative solutions for small commercial insurance. The company is headquartered in Atlanta, US. Founders Phillip Naples and William Pulman have a history of entrepreneurship, with Naples having previously founded other ventures. The company has successfully raised funding across four deals, with the most recent funding round being a Series A totaling USD 10 mn, led by Cota Capital and including participation from several other investors. The total amount raised by the company now stands at USD 10 mn, and it has a current valuation of USD 45.141 mn.Layr Insurance Technology Company specializes in enhancing the policyholder experience for small commercial insurance through a technology-driven platform that streamlines agency operations and improves client engagement. Its core offering includes a digital management system tailored for small businesses, designed to standardize property and casualty insurance operations while providing scalable licensed support. This service allows brokers managing small commercial clients to increase acquisition rates and overall business growth. Layr primarily serves clients across the United States, targeting small to mid-sized businesses requiring property and casualty insurance.Layr Insurance Technology Company generates its revenue through a subscription-based model that facilitates recurring income streams from businesses utilizing their platform for policy management and customer service. Clients engage with Layr's services by subscribing to their technology platform, which includes ongoing support and system updates. This business model aligns with B2B transactions, where brokers leverage Layr's capabilities to enhance service delivery to their end customers. Specific pricing details are not publicly disclosed but typically encompass various tiers based on service levels and operational scale.In September 2023, Layr Holdings, Inc. secured USD 10 mn in Series A funding led by Cota Capital, with participation from The K Fund and other returning investors. The company plans to utilize this funding to enhance its platform capabilities for brokers and expand its go-to-market activities. Future growth strategies include launching new product features aimed at improving broker efficiency and expanding into additional markets, with specific target regions yet to be disclosed.

## Funding rounds

- Series A, Sep 29, 2023, $10M — Sandbox Industries, Flyover Capital, Cota Capital, Hudson Structured Capital Management, The K Fund
- Seed, Mar 21, 2022, $10M — Sandbox Industries, Flyover Capital, Hudson Structured Capital Management, Maschmeyer Group Ventures, Hannover Digital Investments GmbH
- Seed, Jun 19, 2020, $5M — Sandbox Industries, Flyover Capital, Maschmeyer Group Ventures, Lloyd's

## Investors

- Sandbox Industries (https://capitalatlas.ai/funds/sandbox-industries) — Seed, Series A
- Flyover Capital (https://capitalatlas.ai/funds/flyover-capital) — Seed, Series A
- Maschmeyer Group Ventures (https://capitalatlas.ai/funds/maschmeyer-group-ventures) — Seed
- Lloyd's — Seed
- Hudson Structured Capital Management (https://capitalatlas.ai/funds/hudson-structured-capital-management) — Seed, Series A
- Hannover Digital Investments GmbH — Seed
- Cota Capital (https://capitalatlas.ai/funds/cota-capital) — Series A
- The K Fund (https://capitalatlas.ai/funds/the-k-fund) — Series A