XILO is an insurtech platform that modernizes the insurance shopping experience for the greater insurance industry.
Business Model: SAAS
Revenue: $0
Employees: 11-50
Address:
City: San Diego
State: California
Zip:
Country: United States
Agencies are experiencing problems attracting modern customers because leads are no longer coming in from just phone calls and walk-ins, they&s;re coming in through multiple digital channels; Customers are expecting significantly faster, almost instant responses and quotes from agents; Agents now have multiple systems and PDFs they have to enter data into which delays their time to quote; And agents are still tracking everything manually in their sales processes (the sticky note approach). XILO helps them solve these problems overnight so they can attract, quote, and sell modern customers. With our insurtech platform, agents can stand up beautiful quoting experiences across multiple online and offline channels to capture leads from partners, agents internally, and digital channels increasing conversions at the top of the funnel. We automate the process of quoting and communicating with those customers on custom workflows built out by the agents so they can respond to customers immediately increasing conversion rates on throughout their sales pipelines. Our system integrates directly into their AMS&s;s, CRMs, and even their Raters to streamline the data entry process. And we even have a CRM they can use to manage their pipeline so they can automatically track everything coming through the system. Agencies who use XILO can see up to a 10X increase in conversion on leads and a 75% reduction in the time to quote which has created more sales for agencies.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors |
---|---|---|---|---|
7/2020 | Pre Seed Round | 1 | $100k |
EV Private Investments EV Private Investments |
12/2020 | Seed Round | 2 | $2M |
Act One Ventures New Stack Ventures ValueStream Ventures Act One Ventures New Stack Ventures |
2/2020 | Pre Seed Round | 1 | $40k |
Forum Ventures Forum Ventures |
1/2020 | Venture Round | 1 | $300k |
Right Side Capital Management Right Side Capital Management |
12/2020 | Seed | $2M |
New Stack Ventures Act One Ventures |
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