Business Insurance

Insurtech company secures $100M more in funding

San Francisco-based insurtech company Embroker Inc. said Wednesday it has secured an additional $100 million in funding, which will permit it to expand into becoming a licensed insurer.

The company said in a statement the funding round was led by FTV Management Co. LP, which operates as FTV Capital, with additional investment from Stanford, Connecticut-based Hudson Structured Capital Management Ltd. and New York-based Gaingels LLC, among others.