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Report: Indio Technologies raises $6M

Indio Technologies Inc. netted $6 million in series A financing from a group of investors led by 8Vc Co-Invest Fund I LP, Insurance Journal reported.

Proceeds will be used to strengthen Indio's digital platform and improve market share. Merus Capital and Compound were also among the investors involved.

Indio now has $8 million in total financing, after earlier raising $2 million in seed financing. The company operates a digital workflow system for commercial insurance agents.