Wunderite (Logo)

TechCrunch: “Wunderite raises $3M to build software for indie insurance agencies”

Techcrunch

Image Credits: Nigel Sussman

TechCrunch on Apr 28, 2021

This morning Wunderite, a Boston-based software startup, announced that it has raised $3 million in an early-stage round led by Spark Capital.

Wunderite builds and sells software designed to help insurance agencies more rapidly process insurance applications, and automate some of their processes. With an industry-focus on insurance agencies while providing some API hooks, the startup fits into a number of startup trends, including vertical SaaS, developer-friendly tooling and insurtech.

AM Best: “Wunderite Driving Independent Agents Toward ‘Google Maps’ Experience”

Web-based app collects and centralizes data to streamline processing of insurance applications. Peter MacDonald wants searching for the best homeowners policy to be as easy as finding a location on Google maps. “If you type in your address, wouldn’t it be great if we could prefill 150 data points? Flood zone, distance to the coast, elevation? All this data that agents and their customers don’t know,” he said.

Killing Commercial: Top 10 Companies to Watch in the Insurance Industry in 2022

David Carothers features Wunderite in his Top 10 Companies to watch in 2022. “The next one that I want to talk about is Wunderite. Peter McDonald at Wunderite is a beast. He’s competing with the big boys out there in the software world and does not care. He takes the headaches of filling out complex (we all hate Acord forms. Let’s call it what it is) and makes it easy. You can fill out Acord forms and supplementals and do all kinds of crazy stuff with the technology they’ve built, and it makes your job and your client experience so much better.”

WUNDERITE (WUNDER•ITE)

Portmanteau of the German “wunder” (miracle), and “underwrite”, the act of supporting a voyage by physically signing your name under a ship ‘s manifest