Project CAP raises $10m in yet another financing round


Project-CapConsumer Agent Portal, aka Project CAP, has raised another $10m of a $15m funding round, according to SEC disclosure documents.

Based in Minneapolis, CAP has created an online marketplace for insurance quotes and a vehicle to provide marketing and media services to agencies, brokerages and carriers in the insurance market.

An interesting interview taken last year with CEO Charles “Chip” Bacciocco discusses a delay in the product launch and how CAP is “backed by the Independent Insurance Agents & Brokers of America Inc. (IIABA) and six investor insurance companies.”

It’s estimated that the venture has now reached a $50m level of investment capitalization.


Minneapolis startup CAP pushes $40m in VC funding
Millions more going into this Minnesota startup
Did a stealth Minnesota startup just stash $18 million bucks in a warchest?


  • dave

    Where did all the money go?

    • Jeff Pesek

      good question – i’ll ask!

  • Andy

    So $50m since 2011. Is that a lot for this project? What did Esurance raise, altho that was some time ago. Is that a fair comparison?