Insurate
Latest round
- Seed
Last raised
- Oct 2021
Total raised
- $4.5M
Investors
- 5
About Insurate
Insurate, Inc.Founded in 2019 in Omaha, US, Insurate, Inc. delivers tailored Workers' Compensation insurance solutions.Insurate specializes in providing Workers' Compensation insurance tailored for high-hazard industries and complex risk profiles. The company leverages advanced artificial intelligence and data science underwriting to optimize the insurance process, delivering lower premiums and exceptional support to its clientele. Insurate’s core offerings are designed for best-in-class companies that require comprehensive coverage and risk management solutions, benefiting sectors like construction, manufacturing, and transportation, where traditional insurance models may fall short.Insurate operates on a transactional B2B model, generating revenue through the sale of its Workers' Compensation insurance products. The company partners with businesses in high-hazard sectors, offering tailored insurance packages that align with specific needs. The pricing structure reflects the risk profile of each client, incorporating factors such as industry classification and historical claims data. Insurate’s flagship offering includes customized insurance solutions that adapt to evolving client needs, ensuring compliance with regulatory requirements while providing robust financial protection.5 mn closed in October 2021, Insurate is set to enhance its product offerings and expand into new markets. The company is developing new insurance solutions tailored for emerging industries and anticipates launching these products by mid-2023. Plans for geographic expansion include entering additional European markets, targeting regions with high industrial activity by 2024.
Who invested in Insurate
5 investors across 1 round
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Funding rounds
Seed
Oct 4, 2021
Amount
$4.5M
Investors
Questions about Insurate
Who invested in Insurate?
Insurate has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Insurate raised?
Insurate has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Insurate last raise money?
Insurate's most recent round on record is a Seed, in Oct 2021.
What does Insurate do?
Insurate is a insurance company.
Where is Insurate headquartered?
Insurate is headquartered in Omaha, US.
Which VCs invest in companies like Insurate?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at Insurate's stage. Their profiles are linked below.
VCs backing insurance startups at Seed
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