
By Ashish Tiwari
July 17 - (The Insurer) - Delaware-based insurtech Loro has raised $1.1 million in a seed funding round led by Markd, along with other strategic investors, the company said on Wednesday.
"This is a vote of confidence in our mission to unlock a better future for insurance builders," said Peter Tilbrook, CEO and co-founder of Loro.
With the funding, the insurer said it will scale up its product roadmap and global team and further invest in connectivity, MGAs and brokers.
Loro is a no-code, multilingual platform for specialty insurance that designed to quickly launch and distribute products.