FirstBest
Company

Last deal

$7.8M

Amount

Series C

Stage

16.01.2014

Date

4

all rounds

$30.8M

Total amount

General

About Company
FirstBest Systems, Inc. is an insurance technology company that provides software solutions to property and casualty insurers.

Industry

Sector :

Subsector :

founded date

01.01.2006

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

Their software solutions help insurers improve underwriting profitability, scale their business, and achieve high service levels with agents and brokers. They offer underwriting workstations, agent portals, agency connectivity, and new business systems. Their FirstBest UMS combines underwriting and business analyst workstations with a Web 2.0 agent portal. They also provide a point-of-sale portal called FirstBest Agent, which includes supplemental data, shared documents, notes, and email notifications. Additionally, they have a form image translator called FirstBest Application Form Reader. Their Front Office Suite brings together agents, brokers, MGAs, MGUs, and underwriters in a collaborative underwriting process. The company was founded in 2006 and is based in Bedford, Massachusetts. They have received funding from investors such as IDG Ventures, NextStage, Flybridge Capital Partners, Brookstone, and NewSpring Capital. In 2016, FirstBest was acquired by Guidewire Software for $34 million.
Contacts

Phone number

Social url