RALEIGH – The Raleigh startup company InsureLife has raised a seed round of an undisclosed amount and signed two distribution agreements, according to a statement issued by the company.
The company was co-founded by Geoffrey P. Tetrault and John Cammarata. Cammarata previously co-founded PointSource, which was later acquired by Globant in 2017 according to Cammarata’s LinkedIn profile.
According to Cammarata’s LinkedIn profile, InsureLife was founded in 2018 and “provides an AI-powered Network Orchestration Platform for Insurers that digitally connects their financial services products with consumers and agents so they interact anytime, growing sales in a contactless world.”
According to the statement, the investors in the seed round, which the company anticipates will be oversubscribed, were Nassau Financial Group, CFV Ventures, and several angel investors.
“A significant milestone for our team, and I couldn’t be more proud,” Cammarata wrote in a LinkedIn post. The company plans to raise a Series A round later this year, according to its statement.
Additionally, the company announced it had secured distribution agreements with two companies, one unnamed, and the other with Nassau Financial Group.
According to the company, it won the 2020 pitch competition for the Nassau Re/image incubator, which is based from Hartford, CT, and received a second place finish in the Fintech Frontier Pitch Competition in Cincinnati, OH, which is where Tetrault is based, according to his LinkedIn profile.
