By Rebecca Ayers
Insurtech Joshu has closed a $3.7 million seed funding round led by Blumberg Capital with participation from Engineering Capital, Correlation Ventures, Innovation Endeavors and Sure Ventures.
Menlo Park, California-based Joshu aims to help insurance carriers launch online distribution channels. The company offers a platform of digital tools that helps bring commercial insurance businesses quickly online, the company claims in a press release. Joshu also has an office in Tel Aviv which is its engineering function while its California headquarters is its marketing function.