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XILO Analysis: $7M Raised

What is XILO?

XILO is a Workflow Automation Platform designed to modernize the quoting process for insurance agencies. It integrates with various systems to streamline data entry and enhance customer experiences. The platform aims to support traditional insurance companies in competing against InsurTechs.
Employees
51-200
Founded
2017
Industry
Insuretech, SaaS
Latest Funding Amount
$7,200,000
Latest Funding Round Size
$7.2M

Product Features & Capabilities

  • Customizable Intake Forms
  • Automated Client Touch Points
  • Referral Partner Lead Capture Forms
  • Customer Portals for Quote Management
  • Real-time Analytics Dashboard

How much XILO raised

Funding Round - $7.2M

Recent

Other Considerations

Raised $14M in funding; Implemented in over 300 agencies; Founded in 2018; Supports integration with 300+ systems

Gtm Strategy

XILO employs a hybrid go-to-market (GTM) strategy that combines elements of both product-led growth (PLG) and sales-led approaches.

Upon analyzing XILO's website, it is evident that the company emphasizes a demo booking process rather than a self-service signup or free trial option. The homepage features multiple "Book a Demo" links, indicating a reliance on sales interactions to initiate customer engagement. This suggests a sales-led approach, as potential customers are encouraged to schedule a demo rather than immediately access the product.

However, the presence of customer testimonials highlights user satisfaction and suggests that once users are onboarded, they find value in the platform, which is a characteristic of PLG. The testimonials reflect positive experiences, indicating that users appreciate the ease of information gathering facilitated by XILO.

The website does not provide explicit pricing information, which typically aligns with a sales-led model where pricing discussions occur during sales interactions. Additionally, educational resources such as case studies and blog posts are available, which can support both PLG and sales-led strategies by helping potential customers understand the platform's benefits and applications.

Overall, XILO's approach indicates a focus on building relationships through demos and sales interactions while also leveraging user satisfaction and educational content to enhance the customer journey. This hybrid strategy allows them to cater to both small teams and larger enterprises, optimizing for both user adoption and high-touch relationships.

Reported Clients

  1. A to Z Insurance - XILO has become a core part of their operations and is critical to their business roadmap.
  2. OIG Insurance - They utilize XILO to save time, improve data quality, and expedite agency processes.
  3. Heritage Agencies - They praised XILO for simplifying the information gathering process.
  4. Unisource - They highlighted the efficiency of sending customer forms for quick quoting.
  5. InsureUS - They appreciated the ease of use for clients who are short on time.

Find more companies like XILO

US Series A startups

Financial Overview

$7MTotal Raised
Funding Round$7.2M
Recent
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