Latest round of funding brings Planck’s total to $71m – Reinsurance News

Data firm Planck has raised $71m in funding following its latest $23m round.

The firm said that the latest round was led by Vintage Investment Partners and all existing financial investors, including Team8, Greenfield, Arbor Ventures, Viola, 3L Capital, HDI, and Nationwide, alongside private angel investors.

It said the financial planning will allow Planck to act quickly on opportunities that arise in today’s changing market and will specifically bolster development of additional products that complement the platform, along with continued geographic expansion.

Gary Gregg, former executive vice president of Liberty Mutual Group, and an advisor and investor in Planck’s latest round, said in a statement: “By partnering with Planck, commercial insurance carriers and their agents can achieve breakthrough levels of improvement in their processes and profitability by having clear, real-time views into their underwriting and business risks that are not available from standard industry data…

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