XILO Secures $7.2 Million in Series A Funding to Revolutionize Insurance Quoting for Independent Agencies

XILO, the leading quoting software tailored specifically for independent insurance agencies, is proud to announce the successful completion of a $7.2 million funding round. This significant investment underscores the growing demand for innovative technology that empowers independent agencies to compete effectively in a rapidly evolving insurance marketplace. XILO’s state-of-the-art platform leverages the same digital tools and technologies that major agencies have invested over $7 billion in to reach clients. Our mission is to put this powerful technology into the hands of independent agencies, ensuring they don’t lose potential customers to larger, more established digital players. The funds raised will be strategically used to enhance product development, expand our marketing efforts, and improve customer support, ultimately equipping independent agencies with the resources they need to convert the next generation of insurance shoppers. With this new capital, XILO is set to transform the way independent agencies interact with customers, streamline quoting processes, and drive overall business growth. As the insurance industry continues to shift towards more digital solutions, XILO remains at the forefront, committed to helping independent agencies thrive in this competitive landscape. We invite agencies to schedule a demo and discover how XILO’s innovative platform can revolutionize their customer engagement and conversion rates, making it easier than ever to retain clients amid the growing trend of digital-first insurance shopping.