Sertis Secures $3.2 Million Funding To Innovate Multifamily Insurance Market

Sertis, a managing general agency (MGA) renowned for its innovative approach within the insurance sector, has recently announced the successful completion of an oversubscribed seed funding round. This achievement not only underscores the market's confidence in Sertis but also solidifies its standing for future growth within the multifamily insurance domain. The company has garnered $3.2 million in this funding phase, a testament to the industry's recognition of its advanced software solutions and strategic business model that supports rapid expansion across 34 states in the U.S.

Leading the investment was JLL Spark Global Ventures, the venture capital arm of JLL, a Fortune 500 entity specializing in commercial real estate services. The addition of Ajey Kaushal, an investor at JLL Spark, to Sertis' board is expected to bring invaluable industry insights and expertise, thereby enhancing the company’s strategic direction. Further investments from BrokerTech Ventures and InsurTech NY underscore Sertis' influential position within the insurance technology landscape, showcasing its potential for significant impact and growth.

Ajey Kaushal remarked on the Sertis platform's ability to refresh an industry that has historically faced challenges in effectively pricing and placing risk. He highlighted how commercial property owners collaborating with Sertis are rewarded with greater risk protection and reduced premiums, thanks to the deployment of technology. "At JLL Spark, a core piece of our evaluation criteria is a company's ability to drive a demonstrable ROI for their customers - that answer has never been clearer than with Sertis," Kaushal added.

Mark Gardella, CEO of Sertis, expressed that this funding round is a validation of the company’s innovation, strategic business model, and vision to deliver a stable and affordable multifamily insurance market. He emphasized the importance of continuing to strengthen relationships with top brokers and independent agencies nationwide.

The seed funding round not only demonstrates Sertis' capability to attract significant investment but also marks its dedication to leveraging technology, risk mitigation, and data to enhance insurance programs for multifamily portfolios. This step is crucial in Sertis' mission to transform the insurance landscape by integrating its expertise and risk assessment innovation with leading property management technology to offer tailored insurance solutions.

About Sertis: At the forefront of transforming multifamily insurance, Sertis is celebrated for its innovative solutions and insurance expertise. Supported by an AM Best A- rated insurer, the company is committed to delivering stability, reliability, and risk-accurate pricing to meet the changing needs of the multifamily insurance market. Its mission includes empowering agents and brokers to offer competitively-priced insurance protection to property owners, ensuring sustainable growth and comprehensive coverage. Currently providing multifamily property, general liability, and equipment breakdown insurance in 34 states, Sertis plans further expansion across all states by 2026.