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WEBSITE
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SECTOR
Financial Technology and Services
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INVESTMENT YEAR
2022
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STATUS
Current
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LOCATION
El Dorado Hills, CA
Patra
Leading technology-enabled services company for the insurance industry
Investment Theme
Patra’s solutions have been designed to address major structural challenges facing the United States’ insurance industry – namely a growing talent shortage and industry consolidation, which are requiring insurance businesses to seek operational efficiencies. Purpose-built around the workflows of insurance brokers, wholesalers, carriers and MGAs, Patra’s expansive technology-enabled service offering successfully combines technology, automation and human capital to streamline historically manual processes, thereby alleviating administrative and operational burdens and allowing customers to focus their time and resources on core competencies as they scale.