XILO Raises $7.2m in its Latest Series A Funding Round

San Diego-based XILO, an InsurTech company providing quoting software for independent insurance agencies, has raised $7.2m in its latest Series A funding round.

The investment round was backed by Altos Ventures, Cove Fund, Navigate Ventures LLC, New Stack Ventures, and Splash Capital. This latest financing brings XILO’s total funding to $13.2m, according to InsurTech Insights.

Founded in 2017, XILO specialises in digital intake forms that integrate seamlessly with Agency Management Systems (AMS) and raters. Its platform automates data entry, enabling insurance agencies to enhance efficiency and boost conversion rates.

With the fresh capital, XILO plans to further develop its technology, expand its market reach, and continue refining workflows for independent insurance agencies.

The company aims to streamline the quoting process and enhance its digital solutions to better serve the industry.