Exton, Pa. — iPipeline, a provider of on-demand sales distribution software and services to the insurance and financial services markets, reports completion of its $18 million Series A financing, led by NewSpring Capital of Radnor, Pa., and Fidelity Ventures of Boston. iPipeline's management team also participated in this financial venture.
The company plans to use this funding to expand its sales and marketing effort with both carriers and distributors, to develop additional point-of-sale capabilities for agents and to make select tuck-in acquisitions to extend the depth of the offering.
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