
Modular Solutions Closes Financing Round to Drive Innovation in the Insurance Industry
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Modular Solutions Closes Financing Round to Drive Innovation in the Insurance Industry
Calgary-based client Modular Solutions has successfully closed a financing round from a strategic industry partner and a syndicate of private investors, facilitated by Tailwind Ventures. Modular will use the funding to optimize and streamline client onboarding and implementation, advance platform enhancements, and invest in artificial intelligence to deliver even greater value to customers across the insurance industry. “We have brought an innovative software solution to the market, and with this investment, we can ensure low total cost of ownership and affordability,” said Braden Bosch, Founder and CEO of Modular.
Tailwind Ventures (CNW Group/Tailwind Ventures Inc.)
Modular Solutions provides next-gen insurance SaaS technology that enables providers to break free from archaic, siloed legacy software, enabling improved operational efficiency, financial performance, and customer experience. Modular’s platform is purpose-built to empower insurers and brokers with technology that is responsive to a competitive industry, transforming workflows and automating critical and time-consuming operations.
“This capital raise marks a pivotal moment for Modular,” said Braden Bosch, Founder and CEO of Modular Solutions. “We have brought an innovative software solution to the market, and with this investment, we can ensure low total cost of ownership and affordability while continuing to optimize and enhance our offering even further.”
“Tailwind is delighted to have supported Modular in securing this financing. Braden and the team at Modular are building transformative solutions for an industry in desperate need of innovation, and our capital partners share our conviction that Modular will deliver,” said Darren Engels, Tailwind Ventures CEO.
Engels added “Tailwind is committed to its purpose of diligently preparing companies to scale and attract capital so they can create impact and value. Tailwind applies a proprietary, holistic and structured approach that we call diligent preparedness to build a better business. Better businesses go on to withstand the scrutiny of due diligence, secure capital, and generate returns for shareholders.”
Cody Church, Director of Clear North Capital, shared his enthusiasm regarding the investment, stating, “We were honoured to invest in Modular and are excited to watch the evolution of the Company. Braden was very strategic in his investment partners, all of which are local high net worth individuals and venture firms that bring a lot of strategic value to the business.” This network of investors not only reinforces the Company’s vision but ensures a collaborative approach to driving growth and innovation in the insurance industry.
Source: https://finance.yahoo.com/news/modular-solutions-closes-financing-round-111500466.html