WorkComp.com Granted $1 Million Seed Money

WorkComp.com, a startup web platform designed as a marketplace and resource for employers, agents and insurers to manage workers’ comp insurance coverage and needs, has closed a $1 million seed round from Wilson Sonsini Investments and the company’s founders.

With launch development underway, WorkComp is in final negotiations with two leading venture capital firms for a combined Series A/B capitalization, according to Robert J. Gore, president and CEO.

John Garamendi, former California commissioner of insurance and U.S. undersecretary of the interior, has joined WorkComp.com’s Board of Advisors and will provide leadership on regulatory, consumer and financial matters.