Better Agency, the agency success platform for insurance agents, announced today that they raised $8m in a Series A round, led by Teamworthy Ventures. The participants were also included in the ManchesterStory Group. Better Agency’s latest capital raise brings its total funding to over $10 million. Better Agency will be able to create a new industry and triple its growth. It will also expand its platform capabilities to fulfill its vision of becoming the first Agency Success Platform for agents.
“We believe in the independent insurance agency model. No one will invest more time, capital, or resources into independent agents and agency success than us,” Will Shaw, CEO of Better Agency.
“Agencies can’t grow on scattered tech stacks or legacy platforms, especially in a hybrid or remote world,” Shaw stated. “Our dream of a single, unified platform allows independent agents to quote, bind, and issue insurance at scale. Allowing them to better communicate with their clients, and spend more time building relationships, not managing administrative tasks.”
“We are excited to partner with Teamworthy Ventures because they are leaders in vertical SAAS and have a lot of experience with helping companies bring full-scale solutions to the market. Manchester Story Group has deep insurance expertise. We chose them to be our partner. They also have relationships with the top insurance carriers and independent brokerages in the country.”
Stephen Schmalhofer is co-founder and partner of Teamworthy VenturesHas been part of several successful companies and believes Better Agency has the potential to transform insurance.
“At Teamworthy Ventures, we have been fortunate to partner with several outstanding vertical SaaS teams, including Toast, Teamworks, OpenGov, Slice, Affinity, CampusLogic, and more. We are delighted to be working with CEO Will Shaw and cofounders Jordan Hatch, Nicholas Ayers, as well as the whole talented Better Agency team.
“Before Teamworthy, I was fortunate to get my career started in the insurance industry where I met some of the smartest professionals and hardest working business owners in America. Based on the feedback of many satisfied customers, we found that Better Agency is an all-in-one platform that can help independent agents grow their agencies, serve clients faster and make their agency more successful.
“With Better Agency, Teamworthy Ventures is also excited to lead our first investment in Phoenix, Arizona, and look forward to partnering with more Arizona entrepreneurs in the future.”
Gregg Scoresby, of PHX Ventures, who led Better Agency’s previous seed round, has seen, firsthand, the impact Better Agency is having on the insurance industry. “Better Agency is yet another high-growth, category-defining SaaS company being built here in Arizona. Over the next decade, I believe Better Agency will put more time, energy, and capital toward helping independent insurance agencies succeed than any other organization.”