Atlanta (March 23, 2022) - Morris, Manning & Martin advised insurtech startup Layr in a $10 million Series A funding round. Atlanta-based Layr uses artificial intelligence and machine learning to help brokerages and agencies efficiently manage their small commercial books. Layr partnered with leading insurtech venture capitalists and a team of insurance brokerages and insurtech veterans for its funding. Company leaders say the funding will enable the company to maximize brokerages’ profitability and deliver the optimal experience for their insureds. HSCM Ventures led the round with participation from MGV, Sandbox Industries, Flyover Capital, and Hannover Digital Investments. Also participating is an experienced group of insurance brokerages and professionals from The Plexus Groupe, IMA Corp, Holmes Murphy, The Partners Group, The Graham Agency, Broker Tech Ventures, and other insurtechs.
The MMM team is led by Chris Maxwell and includes Matt Carlucci, both of Atlanta.
Layr announced the deal March 21, 2022.
