FTV Capital led a $100m Series C funding round in Embroker.

FTV Capital, a private equity firm, led a $100m Series C funding round in Embroker, a provider of insurance brokerage services. The round had participation from investors HSCM Bermuda, Gaingels, Tola Capital, Canaan Partners, Bee Partners and MassMutual Ventures. "For Embroker to truly forge a new approach to business insurance, we need to reimagine and rebuild every part of the process. Even as some of the surface-level elements of insurance have become increasingly customized and digitized, the underlying legacy systems and antiquated processes endemic to this industry are needlessly complex and require a substantial overhaul. This investment round will help us make business insurance a more streamlined and radically simple experience by accelerating our progress in building many of these systems from the ground up," Matt Miller, Embroker CEO.