Talage Inc., a provider of digital distribution software products for commercial insurance, has announced $9 million in new venture funding. The round was led by Merus Capital, with participation by Calibrate Ventures, Hallador Financial, Advantage Capital and Reno Seed Fund. The Reno, Nev.-based company said it will use the funding to broaden its reach and increase brand awareness in the commercial insurance industry.
Talage’s digital distribution platform automates traditionally manual processes, such as applications or submissions. Founded in 2015, the company was among 12 startup companies selected in 2020 by BrokerTech Ventures for its inaugural accelerator program held in Des Moines. Waukee-based Holmes Murphy subsequently partnered with Talage in October 2020 to offer the Talage Wheelhouse application to streamline the insurance purchasing process for small business customers.