ThreeFlow

Benefits placement system for insurance brokers

Chicago, Illinois, United States

About ThreeFlow

ThreeFlow provides a Benefits Placement System (BPS) that facilitates collaboration between insurance brokers and carriers. This system streamlines the entire placement process, which includes data collection, underwriting review, client presentation, and implementation, specifically tailored for the benefits industry. The BPS offers real-time visibility into workflows, allowing brokers and carriers to work together effectively to achieve the best outcomes for their clients. Unlike traditional methods, ThreeFlow's system addresses both renewals and new business needs, enhancing the decision-making process through the use of artificial intelligence and data insights. The company aims to improve the efficiency of the insurance placement process, making it easier for brokers, carriers, and employers to navigate benefit decisions.

Chicago, IllinoisHeadquarters
2015Year Founded
$52.8MTotal Funding
SERIES_BCompany Stage
Enterprise Software, FintechIndustries
51-200Employees

Benefits

Health Insurance
401(k) Retirement Plan
Paid Vacation
Paid Parental Leave
Home Office Stipend
Professional Development Budget

Risks

Increased competition from other insurtech startups may erode market share.
Rapid technological advancements require continuous platform updates, straining resources.
Economic downturns could reduce spending on employee benefits, impacting revenue.

Differentiation

ThreeFlow offers a unique Benefits Placement System for brokers and carriers.
The system provides real-time visibility and enhances insurer-broker collaboration.
ThreeFlow leverages AI and data insights to improve decision-making processes.

Upsides

ThreeFlow raised $45 million in Series B funding to scale operations.
Partnerships with Beam Dental and Vision Benefits of America expand market reach.
Increased demand for digital transformation boosts adoption of ThreeFlow's system.

Funding

Total raised$52.83 M
Latest valuation$225.00 M
StageSERIES_B
CONVERTIBLE
9/30/2018
$1