Pune-based Insurtech startup MetaMorphoSys has bags INR 23 crore ($3 Mn) in a seed round led by Capital2B along with participation from angel investors like Pavitar Singh and Dhruv Dhanraj Behl. VC firm Good Capital VC and Trifecta Capital had previously invested in the MetaMorphoSys.
The funds raised will be used to further develop the SaaS-based digital insurance platform, extend the product and sales team to other geographies, and invest in out-of-box legacy integrations.
MetaMorphoSys Technologies has raised a total of $2.9M in funding over 2 rounds. Their latest funding was raised in May 2022 from a Seed round at an undisclosed amount.
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“MetaMorphoSys’ digital insurance service has been architected to support multi-line insurance services across geographies, including retail and group business, with out-of-the-box connectivity to legacy and SaaS platforms,” said Kewal Vargante, CTO and co-founder of MetaMorphoSys.
Founded in 2016 by Amit Naik and Kewal Vargante, MetaMorphoSys provides the global insurance industry with an innovative B2B SaaS insurance platform. Its core team has expertise unparalleled in the industry which helps them create customer-centric products.
About MetaMorphoSys
MetaMorphoSys was founded in 2016 by Amit Naik and Kewal Vargante and provides a cutting-edge B2B SaaS insurance service to the global insurance market. Is unique in the industry, and its core team has the expertise that is unmatched in the industry, which helps them create customer-centric products.
“MMS” middleware platform integrates with legacy systems of insurers and the ready APIs ensure digital customer journey can be accelerated for onboarding, servicing, and processing claims. “MMS” claims that global insurance companies are using this platform to quickly launch new insurance products and improve time to market.