Insurtech Startup Groundspeed Analytics Closes $2.0M Series A Funding

Groundspeed Analytics, an Ann Arbor, MI-based commercial insurance data automation startup, closed $2.0m Series A funding. The round, which brought total funding since launch to $2.4m, was led by insurtech-focused venture capital firm ManchesterStory Group with participation from Michigan Angel Fund and Tappan Hill Ventures. The company intends to use the funds to expand sales and marketing efforts, as well as broaden and accelerate product development.