Embroker Receives USD12.2m For Insurance Management System

Embroker, an insurance broker offering a cloud-based risk and insurance management system for SMEs has received USD12.2m Series A funding led by Canaan Partners with participation from Nyca Partners and XL Innovate, as well as the Silicon Valley Bank. The round also saw participation from existing investors Bee Partners, FinTech Collective, Vertical Venture Partners and 500 Startups.