# Rainbow MGA Insurance Agency

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rainbow-mga-insurance-agency

- Industry: Insurance
- Headquarters: San Francisco, US
- Website: www.userainbow.com
- Total disclosed funding: $20M
- Latest round: Series A (Oct 1, 2024)
- Investors on record: 7

## About

Based in California, US, and founded in 2021 by co-founders Bobby Touran and Jamie Hankinson, Rainbow MGA Insurance Agency, Inc. operates as an InsureTech company providing a mobile application platform for managing general underwriting and insurance programs. In October 2024, Rainbow MGA Insurance Agency, Inc. raised USD 8 million in series A funding led by returning investor Zigg Capital.

Rainbow MGA Insurance Agency, Inc. provides a variety of coverage solutions to agents such as new restaurant ventures, fast casuals, fast food, fine dining, wine bars, pizza shops, and many more. The company offers various insurance solutions for the food industry, including liquor liability, business personal property, spoilage, equipment breakdown, and many more. In addition, the firm provides a wide range of coverage for restaurants, such as slip & fall protection, liquor training, fire prevention, refrigeration maintenance, experienced management, and food safety training.

## Funding rounds

- Series A, Oct 1, 2024, $8M — Zigg
- Seed, Jan 10, 2024, $12M — Arch Capital Group Ltd., Caffeinated Capital, 8VC, Zigg, Buckley Ventures, Altai Ventures, Habitat Partners Management

## Investors

- Arch Capital Group Ltd. — Seed
- Caffeinated Capital (https://capitalatlas.ai/funds/caffeinated-capital) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed
- Zigg (https://capitalatlas.ai/funds/zigg) — Seed, Series A
- Buckley Ventures (https://capitalatlas.ai/funds/buckley-ventures) — Seed
- Altai Ventures (https://capitalatlas.ai/funds/altai-ventures) — Seed
- Habitat Partners Management (https://capitalatlas.ai/funds/habitat-partners-management) — Seed