Korr, a NYC-based insurtech startup, closed a $3.2m seed funding round.

The round was led by Motive Ventures along with Tokio Marine Future Fund. Early investors included Plug and Play Ventures.

The company intends to use the funds to expand operations and its development efforts.

Founded in 2021 by Gregory Ritchie, CEO and Founder, Korr provides a cloud-native core operating system that aims to reduce switching costs and enable carriers to convert their historical data to the cloud. Currently, Korr is undertaking a large transformation initiative including system replacement using its proprietary technology for a TPA in the US insurance market.

A huge congratulations to Korr on the outstanding accomplishment of securing $3.2M in seed funding! πŸŒŸπŸ’‘ Your innovative ideas and dedication have clearly resonated with investors. Wishing you continued success as you bring your vision to life. Here’s to the next phase of growth, exploration, and making a lasting impact! πŸš€πŸ’° #Korr #SeedFundingSuccess #InnovationJourney

~ Dr Shishir said Gupta founder & CEO of StartupLanes 

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