Insurance Lounge Raises $15M Growth Equity to Fuel Rapid Expansion

Insurance Lounge, has closed on $15M of growth equity financing to accelerate the company’s expansion plans. The financing will support the company’s initiatives for geographic growth, including the opening of new locations, the acquisition of additional agencies and the pursuit of key talent hires. The financing round was completed by a consortium of institutional investors led by Brian Modesitt and Alta Point Capital. “As a second-generation agency owner, I kept seeing consumers confused and frustrated by the insurance buying...

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