Overview

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Status
Acquired by on August 4, 2016
Total Equity Funding
$30.78M in 4 Rounds from 6 Investors
Headquarters:
Bedford, MA
Description:
FirstBest offers insurance software solutions that help insurance companies improve underwriting profitability.
Founders:
,
Categories:
Insurance, Consulting, Software
Website:
http://firstbest.com
Social:

Company Details

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Founded:
2006
Aliases:
FirstBest Systems, Inc.
Contact:
781-863-6000
Employees:
51 - 100 | 6 in Crunchbase

FirstBest Systems, Inc. provides software solutions for property and casualty insurers. It offers solutions that include underwriting workstations, agent portals, agency connectivity, and new business systems; FirstBest UMS, which combines underwriting and business analyst workstations with a Web 2.0 agent portal; FirstBest Agent, a point-of-sale portal for new business and renewals with supplemental data, shared documents, notes, and email notifications; and FirstBest Application Form Reader, an automatic form image translator. The company also provides FirstBest Front Office Suite that brings agents, brokers, MGAs, MGUs, and underwriters together in a collaborative underwriting process that incorporates business rules, collaboration and knowledge management tools, activities, predictive analytics, and information needed to submit, evaluate, quote, and close business. The company was founded in 2006 and is based in Bedford, Massachusetts.

Funding Rounds (4) - $30.78M

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DateAmount / RoundValuationLead InvestorInvestors
Jan, 2014$7.78M / Series C1
Apr, 2012$10M / Venture3
Mar, 2009$6M / Venture0
Nov, 2007$7M / Series A3

Current Team (6)

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Board Members and Advisors (4)

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Offices/Locations (1)

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  • HQ

    213 Burlington Rd.

    Bedford, MA 01730

    USA

Past Team (1)

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Images (1)

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