Today we are incredibly proud to announce our Series A funding round of $15.6M, led by our great partners at MunichRe Ventures. This round is a significant milestone as we pursue our mission of helping insurance professionals deliver exceptional coverage and client service.

Capitola was founded to address a pressing need in the insurance industry: the lack of technology tools to support insurance professionals. While the majority of the industry's focus has been on risk modeling and product development, little attention has been given to the insurance professionals and the tools they use. Our goal is to empower these professionals with the tools they need to deliver superior coverage and exceptional client service. We believe that this is key to success in the mid-market segment, where our Digital Marketplace offering is centered.

Our platform is designed to bring efficiency and market intelligence, allowing our customers to focus on what they do best - building meaningful relationships with and exceeding the expectations of their clients. This allows insurance professionals to spend less time on administrative tasks and more time on providing personalized service to their clients.

We're proud to have assembled an incredibly talented team that is committed to delivering exceptional customer experiences through innovation. From our engineering team to our customer success team, every member of our organization is committed to providing our customers with the support they need to succeed.

Capitola has made significant strides over the past 18 months in developing our Digital Marketplace offering and onboarding trusting customers. We have already helped brokers service hundreds of businesses to find better coverage. With this new funding, we plan to expand our product offerings to provide even more value to our customers and to reach new markets around the world. We are excited to lead this industry evolution and assist insurance professionals in realizing their highest potential.

This huge milestone is a testament to our team's skill, diligence, and perseverance. We are extremely grateful to our customers, partners, advisors, and investors for their support.

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