myCOI LLC, an insurtech company, secured $5 million in debt financing from SaaS Capital to support its growth and expansion efforts.

Target Information

myCOI LLC, based in Indianapolis, is an innovative insurance technology firm established in 2009. The company specializes in utilizing a combination of proprietary software and expert analysis to assist clients in the collection, review, and tracking of certificates of insurance. This service is essential for businesses that need to verify that their partners—such as vendors, contractors, tenants, and suppliers—maintain adequate insurance coverage suitable for their needs.

Under the leadership of founder and CEO Kristen Nunery, myCOI has grown to serve over 450 clients across various industries, including construction, commercial real estate, oil and gas, and franchising. Currently, myCOI employs approximately 85 individuals, with more than 30 new hires added in the past year. The company intends to further expand its workforce by hiring an additional 30 employees in roles related to product development, sales, and marketing.

Industry Overview

The insurance technology sector in the United States has experienced significant growth, driven by the increasing need for streamlined solutions that manage complex insurance documentation. Companies like myCOI are at the fo