# Modern Insurance Agency

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/modern-insurance-agency

- Industry: Financial Services
- Headquarters: Omaha, US
- Website: www.meetbreeze.com
- Total disclosed funding: $10M
- Latest round: Series A (Aug 10, 2021)
- Investors on record: 6

## About

Modern Insurance Agency, Inc. specializes in providing comprehensive disability insurance solutions designed to protect income for individuals and businesses facing health challenges.Modern Insurance Agency, Inc. was founded in 2019 in Omaha, US, and focuses on providing disability insurance products. The company raised USD 10 mn in Series A funding on August 10, 2021, led by Link Ventures, with participation from several investors. The firm has completed a total of 1 deal and is currently led by CEO Rich Estes, who co-founded the company along with Cody Leach and Marlin Benjamin.Breeze offers a comprehensive suite of disability insurance products designed to provide income protection for individuals and businesses. The core product offerings include Long-Term Disability Insurance, Short-Term Disability Insurance, Accident Expense Insurance, and Critical Illness Insurance. These products are structured to replace lost wages due to injuries, illnesses, or critical health conditions, thereby helping clients maintain financial stability during challenging times. Breeze targets a diverse client base that includes individual policyholders across various professions such as software engineers, construction workers, healthcare professionals, and small business owners. The company operates in multiple geographical markets including California and Arkansas, with plans designed to meet the needs of clients in various states across the U.S., specifically tailoring their offerings based on regional market demands.Breeze generates revenue primarily through the sale of its disability insurance products via direct-to-consumer transactions and employer-sponsored plans. Clients purchase policies on an individual basis, while businesses can opt to offer these insurance plans as employee benefits. A typical transaction may involve an individual selecting a Long-Term Disability Insurance plan that provides monthly benefits in exchange for a fixed premium, allowing them to secure financial support in the event of a disabling condition. The company structures pricing around competitive market rates, which may vary based on the type and duration of coverage selected, thus catering to both affordable and comprehensive insurance needs. The revenue model emphasizes customer retention through policy renewals, ensuring ongoing financial support and risk management for clients throughout their working lives.In August 2021, Modern Insurance Agency, Inc. raised USD 10 mn in Series A funding, which will be used to accelerate the growth of its core products — disability and critical illness insurance — while also adding new products, carriers, and agents to its digital platform. The company plans to expand into new markets, aiming to reach additional geographical regions across the U.S. by 2023. This strategic growth includes enhancements in their offerings and operational capabilities to better serve their clientele.

## Funding rounds

- Series A, Aug 10, 2021, $10M — Invest Nebraska, Link Ventures, M25, Future Ventures, Silicon Valley Bank UK, Fiat Ventures

## Investors

- Invest Nebraska (https://capitalatlas.ai/funds/invest-nebraska) — Series A
- Link Ventures (https://capitalatlas.ai/funds/link-ventures) — Series A
- M25 (https://capitalatlas.ai/funds/m25) — Series A
- Future Ventures — Series A
- Silicon Valley Bank UK — Series A
- Fiat Ventures — Series A