Lula, a startup which aims to be the ‘Stripe for insurance,’ has raised $35.5 million in a Series B funding round after experiencing a massive surge in customers.
When TechCrunch reported on Lula’s $18 million Series A raise in July of 2021, the company was focused on building an insurance API that aimed to “eliminate the need for companies to build their own insurance infrastructure.” Over time, Lula’s offering has evolved into a broader insurance offering that is designed to help companies reduce insurance premiums and insurance-related expenses for businesses. Lula now offers a range of tools, including risk management, claims management, policy management and access to insurance coverage...
