fbpx

Insurtech startup MetaMorphoSys raises seed round

Insurtech startup MetaMorphoSys has secured $3 million (Rs 23 crore) in a seed round led by Capital2B along with participation from angel investors like Pavitar Singh and Dhruv Dhanraj Behl.

The company had previously raised funding from Good Capital VC and Trifecta Capital.

According to MetaMorphoSys, the capital will be utilised to further innovate its SaaS-based digital insurance platform, expand the product and sales team to other geographies and invest in out-of-box legacy integrations.

Founded by Amit Naik and Kewal Vargante in 2016, MetaMorphoSys’ digital insurance platform is a SaaS-based low code platform that completely disrupts the way insurance products can be distributed, embedded, and serviced. The platform has pre-configured benefits, coverages, rules, and vocabularies to ensure that insurance companies can launch innovative products across motor, travel, property, life and health lines of businesses.

MetaMorphoSys middleware platform integrates with legacy systems of insurers and the ready APIs ensure digital customer journey can be accelerated for onboarding, servicing, and processing claims. MetaMorphoSys claims that global insurance companies are using this platform to quickly launch new insurance products and improve time to market.

MetaMorphoSys Technologies appears to be a fascinating startup that is encouraging new development on software development platforms. This startup would undoubtedly continue to prosper in the years to come. Congratulations on your startup.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

Tags

top