Mulberri, the AI-driven embedded business insurance platform, has announced its $6.75 million Series A funding round led by Eos Venture Partners, with participation from existing investors Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio).

Zach Powell, the General Partner of Eos Venture Partners, will join Mulberri as a board member.

Mulberri will use the capital to expand its ecosystem of small and medium enterprise services to fulfill small businesses’ risk needs simply, efficiently, and transparently.

Hamesh Chawla, Co-Founder, and Chief Executive Officer at Mulberri, commented, “Our mission is to help small enterprises make data-driven risk management decisions and fulfill these needs simply, efficiently, and transparently.

“Our partnerships in the HR and Payroll sector connect us with SMEs at critical points in their business lifecycle, allowing us to provide the right risk solutions at the right time. We’re thrilled to partner with Eos on the next phase of our growth.”

Founded in 2021, Mulberri offers an ecosystem of services to serve small and medium enterprises.

Powell said, “The insurance industry has always been challenged to adequately serve the small enterprise customer.

“We believe with Mulberri’s highly unique distribution channel, trusted partnerships in the payroll / HR benefits sector, and evolving product portfolio puts the company at the forefront of change in the SME sector.”