As Next Insurance makes its first acquisition, insurtech looks energetic
TechCrunch has covered Noyo a few times in the last year. The startup builds APIs for the insurance market, a bit like what Plaid set out to do for fintech.
Given that Noyo’s Series A was just a few months back, The Exchange reached out to CEO and co-found Shannon Goggin to get her views on the venture market for insurtech.
Earlier this week, Noyo announced a deal with Namely, an HR-focused software company that serves midmarket. Via email, Goggin said the deal will have a “welcome positive financial impact.”
Because the company has just landed a deal of sufficient size that it put out a release about the deal, we asked Goggin if her company was already hearing from VCs interested in putting more money in. After discussing how large the market opportunity is for her startup in an email, she said “the short answer is yes, there is a close interest in our unique approach from VCs and partners.
Both items help us understand where the insurtech market is.
