# reThought Insurance Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rethought-insurance

- Industry: Insurance
- Headquarters: Broomfield, US
- Website: www.rethoughtinsurance.com
- Total disclosed funding: $16M
- Latest round: Series A (Jul 27, 2021)
- Investors on record: 4

## About

reThought Insurance Corporation offers specialized flood insurance solutions, empowering brokers to manage flood-related risks for diverse clients across the United States.Founded in 2017 in Broomfield, US, reThought Insurance Corporation focuses on providing flood insurance solutions. The company has raised USD 15.5 mn in Series A funding as of July 2021, led by Titanium Ventures with contributions from ArcTern Ventures and Hudson Structured Capital Management. The firm is led by CEO Cory Isaacson and was founded by James Rice.reThought Flood® specializes in innovative flood insurance solutions tailored for brokers to efficiently manage flood-related risks for residential homeowners, commercial property owners, and businesses with unique needs. Their underwriting platform provides precise risk evaluations, ensuring brokers have access to accurate information for informed client decisions, primarily serving clients in the U.S.Revenue is generated through a commission-based model, incentivizing brokers to sell comprehensive flood insurance policies. The process involves brokers submitting property details for underwriting, receiving a tailored quote, and finalizing policy agreements, enhancing client retention through competitive offerings.Following the Series A funding in July 2021, which raised USD 15.5 mn, reThought Insurance Corporation plans to expand its sales teams, enhance technology, and invest in research and development. The company aims to launch new products and enter additional markets, specifically targeting regions with high flood risk exposure.

## Funding rounds

- Series A, Jul 27, 2021, $16M — ArcTern Ventures, Titanium Ventures, Hudson Structured Capital Management
- Seed, May 20, 2019 — Prototype Capital

## Investors

- Prototype Capital — Seed
- ArcTern Ventures (https://capitalatlas.ai/funds/arctern-ventures) — Series A
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series A
- Hudson Structured Capital Management (https://capitalatlas.ai/funds/hudson-structured-capital-management) — Series A