Briza, Inc.

Briza, Inc. , based in Canada, specializes in developing innovative insurance technology solutions that streamline the insurance purchasing process for businesses, enhancing efficiency and accessibility in the market. Founded in 2016 in Toronto, Canada, Briza, Inc. provides a platform that integrates various insurance providers to facilitate easier access to diverse insurance products.

The company has not undergone significant pivots or changes in its business strategy. Ben Munro serves as the CEO and has a history of founding other ventures in the tech space. In February 2021, Briza completed its Series A funding round, raising CAD 10. 2 million led by Investment Group of Santa Barbara, with additional investment from 500 Global.

This round was the first and only funding round to date, totaling CAD 10. 2 million raised. Briza offers a suite of innovative insurance technology solutions designed to simplify the insurance purchasing process for businesses. Their primary product is a platform that integrates multiple insurance providers, allowing users access to a wide range of tailored insurance products.

Briza targets small to medium-sized enterprises (SMEs), brokers, and agents in various industries, including healthcare, retail, and technology, primarily in North America, particularly the United States and Canada. Briza operates on a business-to-business (B2B) model, forming partnerships with insurance brokers and agents who use the platform to provide clients with comprehensive insurance options. Revenue is generated through transaction fees for each policy sold via their platform and subscription fees for brokers accessing premium features. Their offerings are structured with scalable pricing options to cater to businesses of varying sizes, focusing on enhancing the user experience and operational efficiency for their partners.

Following their Series A funding in February 2021, Briza plans to significantly expand its technical team and increase its API integrations with insurance carriers more than threefold. The company is also exploring opportunities to enter new markets, with a focus on broadening its reach within North America. The recent funding will facilitate the doubling of its technical staff, allowing Briza to accelerate product development and enhance its service offerings.