Pathpoint, Inc.
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Pathpoint, Inc. - overview
Established
2017
Location
San Francisco, CA, US
Primary Industry
Insurance
About
Based in the US, Pathpoint, Inc. specializes in providing instant, bindable insurance solutions for small commercial excess and surplus risks, enhancing efficiency for independent insurance agents through automated underwriting. Pathpoint, Inc. was founded in 2017 in San Francisco, US.
The company focuses on delivering innovative insurance solutions and has successfully raised USD 12. 5 mn in venture funding as of January 2023, led by Caffeinated Capital. Founders Jay Palekar and Rachel Morelli initiated the company to improve the insurance quoting process for agents. To date, Pathpoint has completed 3 deals.
Pathpoint specializes in providing instant, bindable insurance solutions for small commercial excess and surplus (E&S) risks. Their core offerings include coverage options for contractors, lessor’s risk for commercial and residential properties, vacant buildings and land, as well as property insurance for small manufacturers and home-based businesses. The platform’s automated underwriting allows agents to efficiently quote and manage policies 24/7 without appointments, addressing the needs of independent agents seeking quick coverage options. Pathpoint generates revenue through transactional interactions with insurance agents using its platform to quote and bind insurance coverage.
The transaction structure operates on a commission basis, where agents earn a percentage from premiums collected when policies are issued. The company's offerings are targeted towards professional agents and brokers, facilitating a streamlined quoting process that significantly enhances agents' efficiency in the E&S market. In January 2023, Pathpoint, Inc. raised USD 12.
5 mn in venture funding, led by Caffeinated Capital, to support its Go-to-Market function and double its partnerships within the year. The company is focused on expanding into new markets and geographic regions, although specific targets have not been disclosed. The funding will be utilized to enhance its operational capacity and strengthen its market presence.
Current Investors
Founders Fund, Chubb, Caffeinated Capital
Primary Industry
Insurance
Sub Industries
Insurance Intermediaries, Accounting/Finance Software
Website
www.pathpoint.com
Verticals
InsureTech
Company Stage
Series A
Total Amount Raised
Subscriber access only
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