FirstBest is an insurance technology company creating software to improve insurance underwriting profitability that is headquartered in Bedford, Massachusetts and was founded in 2006 by John Belizaire and Joseph Pilkerton.
On March 24, 2009 FirstBest completed their series B funding round with $6 million in funding from Flybridge Capital Partners and Brookstone Partners.
On April 3, 2014 FirstBest completed a venture funding round with $10 million in funding from NewSpring Capital (lead investor), Flybridge Capital Partners, and Brookstone Partners.
On January 16, 2017 FirstBest completed their series C funding round with $7.8 million in funding from Flybridge Capital Partners.
On August 4, 2016 FirstBest was acquired by Guidewire Software for $34 million.
Insurance Software Provider FirstBest Systems Closes $10 Million in Growth Financing
April 3, 2012
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- InsuranceEquitable transfer of the risk of a loss, from one entity to another in exchange for payment
- Insurance technologyAn industry around technology applied to insurance sometimes also referred to as Insurtech or Insuretech, whereby companies sell or distribute insurance or related products (such as data) digitally.
- Cluster: Insurance TechnologyCluster on insurance technology topics.