Investment Led by Insurance Industry Veterans
CHARLOTTE, NC – Yodil, Inc., a provider of business intelligence (BI), data analytics, and operational and management reporting to the insurance industry, has completed its second round of investment funding, led by a private group of industry-leading veterans. Scale Finance LLC advised Yodil throughout the process of successfully raising growth equity for the fast growing SaaS company.
“Our faith in Yodil comes from its strategic approach to its business,” said a spokesman for the investment group. “Yes, it has the requisite platform for aggregating and analyzing data. Yes, it has the requisite platform for extracting raw data from source systems and exporting BI to destination systems. But Fred Waite and his team have realized their clients’ strategic business needs come before and after all of that. Their platform is prescribed only after those needs are clearly identified and the business problems are adequately diagnosed. Then, the platform becomes a means to ensuring successful ends. We’re happy for the opportunity to partner with them, and we look forward to witnessing their continued success.”
“With the help of this insurance-experienced investment group — and their belief in our business model — we’ve achieved a degree of flexible capitalization that will enable us to expand our sales and development efforts,” said Fred Waite, CEO of Yodil. “While we look forward to being able to make some significant new-business announcements in the near future, we’re also making some strategic moves that will enable us to deliver our platform more conveniently to a broader base of users. In addition, we’re very grateful to have financial partners who share our commitment to the insurance industry, as well as our innovative approaches to delivering business-improving services. We look forward to a long, mutually rewarding relationship.”
About Yodil, Inc.
Yodil is a leading provider of business intelligence (BI), management and operational reporting, and data analytics to insurance carriers, MGAs, and agents. Yodil marries deep insurance knowledge with rich content, adaptable technology, and flexible reporting options to deliver a comprehensive BI and reporting platform. For more information, please visit www.yodil.com, call 855-749-6345, or e-mail info@yodil.com
About Scale Finance
Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices throughout the southeast including Charlotte, Raleigh/Durham, Greensboro, Wilmington, Washington D.C. and South Florida with a team of more than 30 professionals serving more than 100 companies throughout the region.
