arqu Secures $10M in Series A Funding

San Francisco-based insurance brokerage firm, arqu, has raised $10 million in Series A funding. The round was led by Crosslink Capital with additional support from Intact Ventures, Lightspeed Venture Partners, Foxe Capital, and Nationwide Ventures.

Founded and led by CEO Chi Lee, arqu operates within the $100 billion Excess and Surplus (E&S) market, specializing in analyzing complex risks such as national property portfolios and large-scale loss schedules. Their approach leverages technology to provide more accurate risk assessments and enhance brokerage services.

The newly acquired funds will be used to expand into new industry verticals and accelerate product development. While currently focused on Construction, arqu plans to broaden its reach to include Real Estate, Energy, and Environmental sectors in the near future, with further expansion into other markets expected by 2025.

Chi Lee, commenting on the funding, stated, “Our goal is to equip our broker teams with the right technology to offer superior services to retail brokerage clients and support our capacity providers. In an environment where the E&S market continues to grow at double-digit rates, we see a data-driven approach as essential for managing complex commercial risks.”

---

If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.

Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.