Irys Insurtech, a pioneering insurtech startup, has closed a seed funding round of $3.5 million, marking its entrance into the market dominated by stagnant legacy agency management systems. The funding round was led by Markd, known for its keen interest in groundbreaking insurtech innovations. This investment heralds a new era where traditional insurance distribution processes are challenged and redefined.

With this successful funding round which included follow-on investment from prominent insurtech firms Brokertech Ventures, Revtech Labs, Cofounders Capital and Mtech Capital, Irys is geared up to bring a refreshing, innovative approach to an industry in desperate need of change.

Irys Insurtech is a fintech SaaS company that brings innovative, AI-driven solutions to the insurance industry. Irys is an open APi cloud based management system. By offering a unified workspace that simplifies workflows and ensures data precision, Irys drives significant ROI, enabling companies to organically grow their books and amplify client satisfaction.