Modular Solutions Secures Financing to Transform Insurance Software Landscape

CALGARY, AB, June 19, 2025 - Modular Solutions, a prominent Calgary-based provider of innovative insurance software, has successfully closed a significant financing round facilitated by Tailwind Ventures. This financing, which includes contributions from a strategic industry partner and a consortium of private investors, aims to enhance Modular's product offerings and streamline its operational capabilities in the competitive insurance sector.

The funding will be utilized to optimize client onboarding processes, advance platform enhancements, and invest in artificial intelligence technologies to further improve customer service delivery. "This capital raise marks a pivotal moment for Modular," stated Braden Bosch, Founder and CEO of Modular Solutions. He emphasized that the investment will help ensure a lower total cost of ownership for clients while continuing to develop their offerings.

According to Darren Engels, CEO of Tailwind Ventures, this financing illustrates the potential for innovation within the insurance industry, which has been historically slow to adopt new technologies. "Braden and his team at Modular are building transformative solutions for an industry in desperate need of innovation," Engels remarked.

Cody Church, Director of Clear North Capital, echoed this sentiment, expressing excitement about the strategic value that the local investors bring to Modular. The latest financing round represents the fifth largest seed stage funding for Insurtech companies in North America, achieving the second highest pre-money valuation in that category since January 1, 2023, as indicated by Pitchbook data.

Founded in 2015, Modular Solutions provides a modular, fully integrated software platform designed to facilitate seamless operations for insurers, mutuals, managing general agents (MGAs), and brokers. The platform is tailored to offer affordability and configurability, empowering businesses to adapt and thrive in an increasingly competitive market. Modular's approach allows insurance providers to transition away from outdated legacy systems, enhancing operational efficiency and customer experience.

The significance of Modular's financing extends beyond immediate operational improvements; it signals a shift in the insurance landscape towards more agile, technology-driven solutions that are increasingly demanded by consumers and industry stakeholders alike. As Modular Solutions continues to leverage this funding, the insurance sector may witness a broader trend of digital transformation, aligning more closely with emerging technologies and customer expectations.

Looking ahead, the integration of artificial intelligence into Modular's offerings is expected to enhance data analytics capabilities, streamline workflows, and ultimately improve client satisfaction. The strategic growth facilitated by this financing round positions Modular Solutions as a leading player in the Insurtech space, poised to redefine how insurance services are delivered.

For more information about Modular Solutions, please visit their official website at gomodular.ca.