Mulberri raises $6.75m in Series A Funding to expand AI-driven Insurance Platform for SMEs

The round was led by Eos Venture Partners, with participation from Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners. Mulberry will use the funds to expand its ecosystem of SME services and fulfil small businesses’ risk needs more efficiently.

Mulberri offers customised insurance solutions through partnerships in HR, benefits, and payroll sectors. Its platform includes brokerage, risk transfer, certificates of insurance, and advanced risk engines. It currently reaches over 100,000 SMEs through partnerships with 250 PEOs, payroll providers, and brokers.

“Our mission is to help SMEs make data-driven risk management decisions,” said Hamesh Chawla, CEO of Mulberri. “We’re excited to partner with Eos to expand our reach and continue serving the evolving needs of small businesses.”

With this funding, Mulberri aims to solidify its position in the AI-driven insurance sector and address the fragmented and time-consuming insurance experience SMEs often face.

Key Takeaways:

• Mulberri raised $6.75m in Series A funding to expand its AI-driven insurance platform for SMEs.
• The round was led by Eos Venture Partners, with participation from existing investors.
• Mulberri offers customised insurance solutions through partnerships and an advanced platform.
• The company aims to improve access to efficient risk management for SMEs.