Excitement on the Commercial end of Insurtech - Buckle announces new funding, possibly looking toward acquisition - LeadCloud News
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Excitement on the Commercial end of Insurtech - Buckle announces new funding, possibly looking toward acquisition
06 August 2020

Excitement on the Commercial end of Insurtech - Buckle announces new funding, possibly looking toward acquisition

"The relationship with Buckle has been very constructive thus far and we see a number of synergies and incremental opportunities to work together as partners," adds Scott D. Wollney, President & CEO of Atlas, in the statement. "Despite the challenges we all face in light of COVID-19 and the impact it is having on demand for insurance in the commercial auto space, continuing to make progress with strategic activities like this will best position us to optimize opportunities in the future when economic recovery begins."

When contacted by Digital Insurance, Buckle said it was not commenting on its plans for the deal until it concludes. Marty Young, co-founder of the insurtech, added that there was no relation between a $31 million Series A funding round Buckle announced today and the letter of intent. That round was co-led by HSCM Bermuda and Eos Venture Partners.

Learn more here - https://www.dig-in.com/news/insurtech-buckle-announces-new-funding-possibly-looking-toward-acquisition?position=editorial_1&campaignname=DIG_Daily_MorningBriefing-08052020&utm_source=newsletter&utm_medium=email&utm_campaign=DIG_Daily_MorningBriefing%2B%27-%27%2B08052020&bt_ee=SbPtc117vWpJqKIj21QoLFiBQsy8UAuasvESG85z%2BfjNMZPC5DbtaaYEvlQqstn3&bt_ts=1596621020453

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