WatchTower Technologies

WatchTower Technologies, Inc.Founded in 2015 in Chicago, US, WatchTower Technologies, Inc. offers a sophisticated platform that streamlines the benefits placement process for brokers and carriers.ThreeFlow specializes in a Benefits Placement System designed to enhance collaboration between benefits brokers and carriers. Their core offerings facilitate the entire benefits placement experience, encompassing new and renewal quotes, market analysis, and implementation within a unified system. By modernizing these processes, ThreeFlow aims to eliminate errors associated with manual data extraction from PDFs, thereby increasing efficiency and accuracy. The platform enables clients, including over 15,100 employers, to evaluate market options swiftly, comprehend value per line item, and uncover growth opportunities with certified carriers.ThreeFlow generates revenue primarily through subscription-based services offered to brokers and carriers. The transaction structure involves B2B interactions where brokers utilize ThreeFlow's platform to manage the benefits placement process, including requesting and finalizing quotes and renewals directly within the system. This seamless integration allows brokers to respond swiftly to new business opportunities while ensuring accurate post-sale details are communicated to their Agency Management Systems (AMS). The effectiveness of the system is reflected in its ability to streamline workflows, saving clients substantial time in processing renewals and quotes.WatchTower Technologies, Inc.00 mn to further scale the Benefits Placement System, enhancing its capabilities and market reach. They are focused on expanding into new geographic regions within the United States, targeting additional markets to increase their client base.

1. Series B

   Nov 30, 2021

   Amount

   $45M

   Investors

   Locked

2. Series A

   Jan 14, 2021

   Amount

   $8M

   Investors

   Locked