# Wunderite

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

- Industry: Software
- Headquarters: Bourne, US
- Website: www.wunderite.com
- Total disclosed funding: $11M
- Latest round: Series A (Dec 19, 2022)
- Investors on record: 7

## About

Based in the US, Wunderite, Inc. operates as a digital solutions provider focused on enhancing the insurance application process for independent insurance agencies through innovative technology.Wunderite, Inc. was founded in 2015 and is headquartered in Bourne, US. The company specializes in simplifying the insurance application workflow for independent agencies. Its founder, Peter MacDonald, has a background in developing technology solutions. Wunderite successfully raised USD 7.20 mn in Series A funding on December 19, 2022, led by Spark Capital with participation from Correlation Ventures and York IE, marking a total amount raised of USD 7.20 mn with a current company valuation of USD 26.00 mn.Wunderite's core offerings focus on streamlining the insurance application process for independent insurance agencies through a suite of digital solutions. The flagship product enables users to complete insurance applications and related documents—such as ACORD forms and supplemental applications—up to 12 times faster than traditional methods. By integrating with various tools and platforms, including AMS360 and Zapier, Wunderite allows agents to manage submissions with a modern interface, eliminating redundant paperwork and enhancing operational efficiency. The software caters primarily to independent insurance agencies in the United States, facilitating submission management, digital signatures, and document sharing across devices, thus modernizing workflow and customer interactions.Wunderite operates on a subscription-based revenue model, offering services through various pricing tiers tailored to independent insurance agencies. Clients typically engage with the platform on an annual or monthly subscription basis, which provides access to features such as one-click autofill for applications, unlimited digital signatures, and a library of digitized, fillable forms. The company structures transactions directly with B2B clients, focusing on long-term partnerships with insurance agencies rather than direct-to-consumer interactions.In December 2022, Wunderite, Inc. raised USD 7.20 mn in Series A funding, which will be utilized to further develop new products aimed at enhancing their offerings for insurance agencies. The company plans to launch additional features designed to improve user experience, with specific release dates to be announced. Furthermore, Wunderite intends to expand its services into new geographic markets within North America by 2024, leveraging the recent funding to support marketing and operational initiatives in these regions. The funding round was part of a larger USD 8 mn effort to enhance their service portfolio and market reach.

## Funding rounds

- Series A, Dec 19, 2022, $7.2M — Spark Capital, Correlation Ventures, York IE
- Seed, Apr 21, 2021, $3.6M — Spark Capital, Boston Seed Capital, Trustco Group Holdings Limited, Heffernan Insurance Brokers, Inc., BrokerTech Ventures

## Investors

- Spark Capital — Seed, Series A
- Boston Seed Capital (https://capitalatlas.ai/funds/boston-seed-capital) — Seed
- Trustco Group Holdings Limited — Seed
- Heffernan Insurance Brokers, Inc. — Seed
- BrokerTech Ventures (https://capitalatlas.ai/funds/brokertech-ventures) — Seed
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A
- York IE (https://capitalatlas.ai/funds/york-ie) — Series A