Propeller is an InsurTech company that operates as an MGA, currently focused on the $6B surety and fidelity bond market. We utilize a proprietary surety platform with the ability to instantly underwrite and issue surety bonds, creating efficiencies for all members of the value chain (carriers, agents, customers, and obligees).
We eliminate the pain points in selling surety for agents and brokers while still paying commission. We do this by providing agencies our surety platform with their branding. The Agents can then capitalize on their existing client base, email lists, and website traffic. This works for both seasoned surety professionals who can write more bonds with less effort and agents without surety expertise who earn commission simply by referring their customers to the portal.
We have decades of experience in the insurance industry working for carriers and agencies, and as technology specialists who’ve developed software solutions for some of the largest insurance companies in the world.
We eliminate the pain points in selling surety for agents and brokers while still paying commission. We do this by providing agencies our surety platform with their branding. The Agents can then capitalize on their existing client base, email lists, and website traffic. This works for both seasoned surety professionals who can write more bonds with less effort and agents without surety expertise who earn commission simply by referring their customers to the portal.
We have decades of experience in the insurance industry working for carriers and agencies, and as technology specialists who’ve developed software solutions for some of the largest insurance companies in the world.
Location: United States, Pennsylvania, Philadelphia
Employees: 11-50
Total raised: $6.4M
Founded date: 2020
Investors 1
| Date | Name | Website |
| 16.01.2023 | Altai Vent... | altaiventu... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 11.01.2023 | Seed | $6.4M | - |
Mentions in press and media 3
| Date | Title | Description |
| 11.01.2023 | Propeller Bonds Raises $6.4M in Seed Funding | Propeller Bonds, a Philadelphia, PA-based insurtech startup, raised $6.4M in Seed funding. The round was led by consortium of industry partners. The company intends to use the funds to accelerate growth and invest in people, finish its deve... |
| 10.01.2023 | Propeller Bonds raises $6.4 million | Propeller Bonds Propeller Bonds Founded: 2020 Headquarters: Philadelphia, PA, US Total Funding: $6.4M See full company profile "> closed a $6.4 million seed funding round led by unknown investors. Founded in 2020, the MGA focuses on... |
| - | Propeller | “Propeller Bonds - Completely Automated Way to Sell Surety Bonds” |