FirstBest Systems Raises $7 Million in First Round - Lexington, MA

FirstBest Systems, a Lexington-based developer of underwriting management software for commercial insurance carriers, has raised $7 million in its first round of venture capital, led by IDG Ventures Boston. Other investors in the deal include NextStage and Brookstone Partners. Founded in 2006, FirstBest offers a web-based software for underwriting all commercial lines of business. It is designed to support increased profitability, improved ease of doing business, and the continuous capturing and sharing of underwriting best practices.

http://www.firstbest.com