Comulate, which builds tools to help insurance companies manage billing and revenue operations, has closed a round of $20 million, a Series B that it will be using to expand its tech stack to cover more functions and to scale operations.
Bond and strategic backer Workday — the back office giant — are co-leading the round. The funding is coming after Comulate’s experienced a barnstorming year (in the good sense).
In 2024, the startup tripled revenues (it doesn’t disclose what those revenues are except to say that they are in the tens of millions). It was getting so much inbound business from large firms that — for what its worth — it said it skipped raising a Series A and went directly to Series B.