mga
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Buckle Raised $106 Million to Insure Uber Drivers. It Survived by Becoming Insurance's Plumbing.
The Atlanta startup wanted to be the USAA of the gig economy. When the rideshare math refused to cooperate, it traded a consumer dream for a quieter, colder business - renting out its insurance license to other people's ideas.
Briza
Briza is a Toronto-based insurtech that started as a unified, API-first platform for small-business commercial insurance - letting agencies, brokers and software platforms quote, bind and pay for policies like BOP, GL, WC and cyber through a single integration. Founded in 2016, the company has since narrowed its focus to carrier API reliability, applying manufacturing-style engineering discipline to reduce failed submissions and slow integrations that cost carriers premium.
CoverForce
CoverForce is a New York-based insurtech building the digital infrastructure that connects commercial insurance carriers, agencies, and wholesalers. Its API marketplace and white-label platforms let brokers instantly quote, compare, pay, bind, and issue commercial policies - collapsing month-long, paper-based workflows into minutes across lines like workers' compensation, general liability, cyber, and business owner's policies. Backed by Insight Partners and Nyca Partners, the company supports thousands of agencies and integrates with national carriers including AmTrust, Chubb, Liberty Mutual, and Travelers.
Ledgebrook
Ledgebrook is a tech-enabled excess and surplus (E&S) lines managing general agent (MGA) that aims to give wholesale insurance brokers the fastest, easiest quoting experience. Founded in 2021 by former actuary Gage Caligaris, the company pairs a next-generation tech stack - which enriches and prefills broker submissions and speeds rating - with experienced human underwriters to write specialty commercial coverages such as general liability, excess liability, professional liability, allied healthcare, and architects & engineers. Having written its first policy in May 2023, Ledgebrook passed a $100M premium run rate and closed an oversubscribed $65M Series C in June 2025, bringing total funding to roughly $119M.
FurtherAI
FurtherAI builds domain-specific AI 'teammates' for the insurance industry, automating the busywork of underwriting, claims, submissions, policy comparison and compliance. Founded in 2023 by Aman Gour and Sashank Gondala and launched out of Y Combinator's Winter 2024 batch, the San Francisco company parses messy insurance documents - broker letters, property schedules, ACORD forms, loss runs - and turns them into structured, actionable data so professionals can focus on judgment instead of re-keying. It raised a $25M Series A led by Andreessen Horowitz in October 2025, roughly six months after a $5M seed, and supports customers writing over $15 billion in premiums across all 50 states.
Goodcover
Goodcover is a San Francisco insurtech offering cooperative renters insurance built around a member-first model. Founded in 2017 and launched out of Y Combinator, it operates as a Managing General Agent that pools members' premiums, takes a fixed fee, pays claims, and returns leftover premium to members as an Annual Member Dividend. The pitch: renters insurance for roughly half the price of legacy carriers, with a fully digital sign-up, human support, and a structure that aligns the company's incentives with its members rather than with retaining unclaimed premium as profit.
LEEO
LEEO is a commercial auto insurance managing general agent (MGA) that uses telematics, agentic AI, and data science to underwrite, price, and manage risk for fleets. Formerly known as Fairmatic, the company rebranded and relaunched on December 15, 2025 under CEO Jeffrey Chen. It serves brokers and fleet operators - focusing on segments like non-emergency medical transport, light business auto, and last-mile delivery - with fast AI-driven quoting and binding, actionable safety insights, and a telematics-based claims process that can detect crashes and auto-fill incident reports. LEEO is backed by Battery Ventures, Foundation Capital, and Aquiline Technology Growth.
Delos Insurance Solutions
Delos Insurance Solutions is a San Francisco insurtech and managing general agent that uses satellite imagery, fire science, and machine learning to insure California homeowners in wildfire-prone areas that traditional carriers have abandoned. Founded by two aerospace engineers, Delos models wildfire risk at the individual-property level using NASA Earth-observation data, climate science, and hundreds of risk parameters, allowing it to write coverage on homes the rest of the market deems uninsurable.
Functional Finance
Functional Finance is a San Francisco-based insurtech building the financial operations (FinOps) platform for the insurance industry. Its API-driven software automates billing, invoicing, premium collection, premium finance, payables, commissions, treasury and reconciliation for managing general agents (MGAs), wholesalers and carriers - replacing spreadsheets and manual data entry with near real-time, policy-aware money movement. Founded in 2021 by CoverWallet alumni, the company raised a $20M Series A in 2024 on the back of a 2,500% year-over-year jump in premium payment volume.
Pibit.AI
Pibit.AI is a San Francisco-based insurtech building CURE, an agentic AI platform that automates the messy middle of commercial insurance underwriting - intake, document parsing, risk research, and workflow orchestration - for carriers and MGAs. Founded in 2020, Y Combinator-backed, and now Series A funded.
Rainbow
Rainbow is a San Francisco-based specialty managing general underwriter (MGU) building tailored small business insurance for industries that traditional carriers find hard to price - starting with restaurants and expanding into beauty and wellness. It pairs vertical-specific underwriting with an instant quote-to-bind agent portal and pay-as-you-go premiums tied to actual sales.