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Hi Marley Closes $8 Million Series A1 Preferred Financing to Accelerate Go-to-Market and Product Expansion

Hi Marley Names Boston Tech Veteran Jonathan Tushman as New Chief Product Officer

Hi Marley, the leading communication platform built for insurance, announced it has closed an $8 million A1 round, bringing its total financing to $18.6 Million. The new funding was led by True Ventures and Underscore VC, along with Bain Capital Ventures and Greenspring Associates. The round will be used for building upon Hi Marley’s market-leading insurance focused conversational messaging product and increasing customer engagement.

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Hi Marley is an intelligent, text-based messaging platform that helps insurers and their partners seamlessly connect with customers the way they prefer to communicate, and simplify transactions across claims, service and underwriting. Hi Marley is also enabling new use cases around customer engagement and retention. This includes two-way mass-communication to support announcements related to the pandemic, such as notifying customers of premium relief credits and billing options.

“We value the existing partnership with Underscore VC and True Ventures and welcome our new partners at Bain Capital Ventures and Greenspring,” said Mike Greene, Founder and CEO of Hi Marley. “We’re grateful to have investors who appreciate the insurance industry and are aligned with the purpose and vision we share with our innovative customers.”

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