April 24, 2019

Embroker, a US Company With 60 Employees in Serbia, Raised $28 Million

Embroker recently received a $28M investment to develop its software. Tola Capital’s VC is listed as a major financier with participation from existing investors such as Canaan Partners, Bee Partners, Manulife Capital Ventures, Nyca Partners, and XL Innovate.

Embroker’s platform offers various services including asset protection against bankruptcy lawsuits, commercial crime insurance such as third party fraud or loss of employee loyalty, employee protection against potential misstatements services, protection against lawsuits for defective products, and more.

Embroker’s Belgrade team is engaged in platform development as well as promotion and support. Although the headquarters of the company are in San Francisco, the entire engineering team, marketing team, Demand Generation, Service Support and HR team are based in Serbia. Embroker’s Belgrade office sees this investment as an important step forward:

This investment will enable continued improvement on Embroker’s platform. Thanks to the investment, the Belgrade team, just like the entire company, will have the opportunity to further optimize and simplify the provision of business insurance services. Basically, the goal is to offer a product that will be faster, better and cheaper, and therefore more competitive.

The investment which the firm received for its A phase three years ago was just over $12M, and since its founding in 2015, Embroker’s investment has so far exceeded $42M.

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