InforcePRO Raises $4M For Insurance Software

Austin-based InforcePRO, a developer of software for the life insurance industry, said Monday that it has raised $4M in a funding round. The funding was led by LiveOak Venture Partners. InforcePRO says it has developed a insurance policy monitoring software, which helps insurance carriers and distributors better monitor the policies they have issued to policyholders. The company was founded by Cameron Jacox and Karan Kanodia, and says it now has over 25 staff. The company says it has now raised a total of $5M.