QuoteWell, a tech-driven wholesale insurance brokerage, announced an additional $12 million in financing, bringing the company's total capital raised to $32 million. The funding will be used to expand QuoteWell's producer footprint and deepen investment in the company's proprietary, AI-driven platform.

The funding was led by New Enterprise Associates, with new investors Brand Foundry Ventures and ClockTower Ventures joining the round. Other existing investors Goldcrest Capital and Floating Point also participated, along with a number of strategic angel investors.