Des Moines-based BrokerTech Ventures and founding company Holmes Murphy closed a co-leading funding effort to raise $4 million in capital for Highwing, a Denver-based insurtech company focused on changing data processing and management for brokers and carriers. Commercial insurance is expected to reach $900 billion by 2021. Highwing intends to use the $4 million in funding to expand their product suite, allowing users to organize insurance applications and more, according to a statement by BrokerTech Ventures. “We believe that by marrying BrokerTech Ventures and our $1.6 billion in collective distribution with the Highwing technology, we hold a tremendous opportunity to change the insurance industry and impact the value chain for the benefit of all,” said Dan Keough, Holmes Murphy chairman/CEO and BrokerTech Ventures cofounder.
