As we turn the page to a new year, it’s the perfect time to reflect on the growth and achievements of ThreeFlow in 2023. The past year has been a transformative period for our company, as we reached another set of incredible milestones. Join us as we review the key highlights of our remarkable journey and celebrate the collective efforts that have propelled us to new heights.
Doubling placement events
We kicked off 2023 with $1.3 billion in premium under management, and we’re proud to announce that we closed the year with $1.9 billion—an almost 50% increase. That amount was achieved by supporting over 60 certified carriers, 230 broker locations, 11,000 employer groups, and nearly doubling the number of placement events to 11,600. ThreeFlow also now supports local and centralized marketing offices for 10 of the top 20 national brokerages. This milestone is a testament to our team's dedication and our customers' belief in our mission to design technology that leads to better benefit decisions.
Integrating with more customers
In 2023, we had a total of seven carrier partners leverage ThreeFlow Connect to further automate their benefits placements on our platform. With our system-to-system integration, these carriers have instantly received and responded to new business opportunities and renewals, enabling them to quote faster and more accurately. Our CEO, Ryan Sachtjen, along with Craig Hasday from EPIC Insurance Brokers & Consultants and Josh Weaver from Guardian Life, detailed their thoughts on how technology—like Connect—and analytics can move the employee benefits space forward. We’re announcing some exciting Connect updates later this quarter. Stay tuned!
Raising our Series C
We’re thrilled to share that we raised $30 million in Series C funding led by Emergence Capital, with participation from our existing investors at Accel, Equal Ventures, and First Trust Capital Partners, and a new strategic growth investor, 9Yards Capital. With a strong team in place, this new funding will allow us to continue to scale the industry’s trusted Benefits Placement System, invest in AI and predictive capabilities, and support future product and market expansions.
Celebrating industry recognitions
We were honored to have both Ryan and ThreeFlow recognized as BenefitsPRO Luminaries in the Leadership category. Fellow honorees made the decisions that matter most in this fast-changing environment and supported bold, new strategies that produced results for their teams, customers, and the broader benefits community. ThreeFlow's own VP of People, Anitra St. Hilaire, was also named one of Employee Benefit News's Excellence in Benefits Awards honorees for her work in driving change in the HR and benefits industry.
Stepping into 2024, our focus remains on growing and innovating. We look forward to delivering an even better ThreeFlow experience.