Propeller is an InsurTech company that operates as an MGA, currently focused on the $6B surety and fidelity bond market. We utilize a proprietary surety platform with the ability to instantly underwrite and issue surety bonds, creating efficiencies for all members of the value chain (carriers, agents, customers, and obligees).
We eliminate the pain points in selling surety for agents and brokers while still paying commission. We do this by providing agencies our surety platform with their branding. The Agents can then capitalize on their existing client base, email lists, and website traffic. This works for both seasoned surety professionals who can write more bonds with less effort and agents without surety expertise who earn commission simply by referring their customers to the portal.
We have decades of experience in the insurance industry working for carriers and agencies, and as technology specialists who’ve developed software solutions for some of the largest insurance companies in the world.
Location: United States, Pennsylvania, Philadelphia
Member count: 11-50
Total raised: $6.4M
Founded date: 2020
Investors 1
| Date | Name | Website |
| 16.01.2023 | Altai Vent... | altaiventu... |
Funding Rounds 1
| Date | Series | Amount | Investors | Deal News |
| 11.01.2023 | Seed | $6.4M | - | finsmes.co... |
Mentions in press and media 3
| Date | Title | Description | Category | Author | Source |
| 11.01.2023 | Propeller ... | Propeller Bonds, a Philadelphi... | USA | - | finsmes.co... |
| 10.01.2023 | Propeller ... | Propeller Bonds Propeller Bond... | - | - | coverager.... |
| - | Propeller | “Propeller Bonds - Completely ... | - | - | fastfounde... |