Veruna

Cloud-based agency management system for insurance

Hopkinton, Iowa, United States

About Veruna

Veruna provides a cloud-based Agency Management System (AMS) specifically designed for independent insurance agencies. Built on the Salesforce platform, Veruna's system allows users to manage their operations from any device, offering features like real-time data insights, customizable dashboards, and reports. This enables agencies to make informed decisions quickly and stay competitive in the evolving insurance technology sector. Unlike many competitors, Veruna operates on a Software-as-a-Service (SaaS) model, where clients subscribe to access the software, ensuring they receive continuous updates and support. The goal of Veruna is to empower insurance agencies with modern digital tools that enhance operational efficiency and customer engagement.

Hopkinton, IowaHeadquarters
2015Year Founded
$21.4MTotal Funding
SERIES_BCompany Stage
Data & Analytics, Enterprise Software, FintechIndustries
11-50Employees

Risks

Increased competition from Salesforce-based AMS providers may erode Veruna's market share.
Economic downturns could impact Veruna's subscription-based revenue model.
Reliance on Salesforce's platform poses risks if there are service disruptions.

Differentiation

Veruna offers a Salesforce-based AMS, providing seamless integration with CRM capabilities.
The platform supports real-time data insights, enhancing decision-making for insurance agencies.
Veruna's Quote Hero solution revolutionizes quoting for independent insurance brokers and agents.

Upsides

Veruna's integration with Bold Penguin enhances quoting and submission efficiency for agents.
The Series B funding of $10M supports Veruna's growth and innovation in insurtech.
Joining Guidewire's Insurtech Vanguards program boosts Veruna's industry recognition and partnerships.

Funding

Total raised$21.40 M
Latest valuation$50.00 M
StageSERIES_B