Canaan leads funding of insurtech company Embroker

San Francisco-based Embroker, provider of a tech-enabled insurance brokerage for small and midsize businesses, announced it raised a $12.2 million Series A funding round led by Canaan Partners. Nyca Partners and XL Innovate also participated in the round. The company raised a $2.2 million seed-stage round in July 2015 from 500 Startups, FinTech Collective and others.

Source: BusinessWire