About WatchTower
WatchTower is a Financial Services company based in Chicago (United States) founded in 2015 by Richard Perrott and Ryan Sachtjen. Quoting software for insurance industry. WatchTower has raised $8 million across 1 funding round. The company has 156 employees. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Software for Insurance Intermediaries. Its legal entity is WATCHTOWER BENEFITS, LLC. Its competitors include Covr, Briza and InsureZone; 3 of its 3 listed competitors have raised funding.
Company details
WatchTower provides cloud-based quoting software for the insurance industry. It features solutions for customer management, policy analysis, policy management, and more. It also offers software for database management, underwriting, collaboration, and more.
- Headquarters Chicago, United States
- Employees 156
- Founders Richard Perrott, Ryan Sachtjen
- SectorsFinancial Services
- Phone•••• ••••
- Website watchtowerbenefits.com
- Social LinkedIn Facebook
- Legal Name Watchtower Benefits, Llc
- Total Equity Funding$8M (USD)
in 1 rounds
- Latest Funding Round$8M (USD), Series A
Sep 2020
- Employee Count156
Funding Insights of WatchTower
WatchTower has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Series A round of $8 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $8M
- Total Rounds 1
- Last Round Series A — $8M
- First Round $8M
(Sep 2020)
All 1 funding rounds of WatchTower with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2020 | $8M | Series A | – | – | – |
People of WatchTower
2 people are tracked at WatchTower (2 in leadership); the tracked headcount is 156.
| Name | Role | Group |
|---|---|---|
Richard Perrott | Co-Founder | Leadership |
Ryan Sachtjen | Co-Founder | Leadership |
Complete people profiles for WatchTower
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of WatchTower
2 dated milestones of WatchTower across 5 years, from founding to its latest funding, stage changes and deals.
- Founded WatchTower is founded.
- Funding First funding round of $8.0M.
Competitors of WatchTower
WatchTower has 3 listed competitors in our database, 3 of them funded. They include Covr, Briza and InsureZone.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| covrtech.com | 2013 | Boise, United States | $30M | 77 | AI & cloud-based insurance quoting solutions for the insurance industry | |
| briza.com | 2016 | Austin, United States | $11M | 6 | Policy distribution software for insurance quoting and binding is provided. | |
| insurezone.com | 1999 | Fort Worth, United States | $8.2M | 24 | Online quoting platform and tools for agents and brokers |
Detailed competitors of WatchTower
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as WatchTower (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Frequently Asked Questions about WatchTower
WatchTower was founded in 2015 and raised its 1st funding round 5 years after it was founded.
WatchTower is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
WatchTower is a funded company, having raised a total of $8M across 1 funding round to date. The company's 1st funding round was a Series A of $8M, raised on Sep 2020.
WatchTower has 156 employees.
WatchTower provides cloud-based quoting software for the insurance industry. It features solutions for customer management, policy analysis, policy management, and more. It also offers software for database management, underwriting, collaboration, and more.
WatchTower's top competitors include Covr, Briza and InsureZone.
WatchTower operates through Watchtower Benefits, Llc.