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towerIQ

mytoweriq.com

Founded Year

2017

Stage

Acquired | Acquired

Total Raised

$6.6M

About towerIQ

On June 30th, 2022, towerIQ was acquired by ReSource Pro. Terms of the transaction were not disclosed. towerIQ is an enterprise SAAS platform that provides communication, data insights, and exposure gathering for the commercial insurance industry. The company was founded in 2017 and is based in Boston, Massachusetts.

Headquarters Location

2 Ave de Lafayette

Boston, Massachusetts, 02111,

United States

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Research containing towerIQ

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned towerIQ in 1 CB Insights research brief, most recently on Jun 17, 2020.

Expert Collections containing towerIQ

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

towerIQ is included in 2 Expert Collections, including Insurtech.

I

Insurtech

3,720 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

7,565 items

US-based companies

Latest towerIQ News

ReSource Pro Acquires Commercial Lines Technology Platform towerIQ

Jun 30, 2022

June 30, 2022 New You can now listen to Insurance Journal articles! Insurance business services firm ReSource Pro reports it has completed its acquisition of towerIQ, a property/casualty insurance focused technology platform designed to streamline workflows and capture market data. ReSource Pro said the addition of the insurtech will allow its clients to optimize their data collection and improve their productivity, especially across middle to large market, complex and specialty commercial accounts. “The towerIQ platform allows us to work better with client data and deliver faster and more accurate solutions for our customers,” said Dan Epstein, CEO of ReSource Pro. “For many of our clients, towerIQ will provide a transformative capability to leverage insured data to better manage complex risks.” The towerIQ cloud platform offers communication, data insights, and exposure gathering for the commercial insurance industry. The firm was founded by Adam Demos and Dan Hurwitz. TowerIQ CEO Demos will continue to lead the towerIQ team as a director with ReSource Pro, joined by towerIQ’s current staff. According to Epstein, further investments in the towerIQ team are expected in the months ahead. Terms of the deal were not announced. The transaction closed on June 24, 2022. KBW acted as financial advisor to towerIQ in the transaction. ReSource Pro provides business process management, strategic advisory services, management, digital and organic growth consulting, training, and compliance services.

towerIQ Web Traffic

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towerIQ Frequently Asked Questions (FAQ)

  • When was towerIQ founded?

    towerIQ was founded in 2017.

  • Where is towerIQ's headquarters?

    towerIQ's headquarters is located at 2 Ave de Lafayette, Boston.

  • What is towerIQ's latest funding round?

    towerIQ's latest funding round is Acquired.

  • How much did towerIQ raise?

    towerIQ raised a total of $6.6M.

  • Who are the investors of towerIQ?

    Investors of towerIQ include ReSource Pro, Hyperplane Venture Capital, Vestigo Ventures, Paycheck Protection Program, Laconia Capital Group and 4 more.

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