Led · Seed · Oct 2025

Irys Insurtech provides a core insurance operating platform that unifies financials, operations, sales, and client data in real time while communicating across third-party tools and between AIs. The system enables automation that can significantly expand a service representative’s book of business, aiming to scale capacity and profitability without adding headcount. Today, the company supports several top brokerages and MGAs that together manage nearly $1 billion in active written premium. Headquartered in Tampa, Florida, Irys plans to use new capital to grow its engineering and customer-success teams and to deepen distribution partnerships across the U.S. and Canada. The roadmap includes rolling out AI-driven modules for accounting, analytics, and submission management in early 2026. By offering a decentralized backend, open APIs, and agentic-AI facilitation, Irys positions itself as the operational hub for modern insurance enterprises.

Led · Seed · Jul 2025

Loro offers a no-code product builder that lets users replicate underwriting rules, logic, and pricing models from spreadsheets or APIs and deploy specialty insurance products in weeks. The platform supports dynamic forms, document generation, automated rating, invoicing, tax, and renewal flows, and integrates with Stripe, ePayPolicy, DocuSign, Turris and other tools for quote-to-bind workflows. Loro is designed for multi-layered distribution, enabling owners to manage downstream brokers, retail agents, and partners while retaining control of pricing, rules, and brand experience. The company highlights real-time visibility into quotes, binds, and payments, custom bordereaux, commission tracking, and automated Lloyd's reporting via API. Operational traction cited in the article includes more than 25 clients globally and connections to over 600 brokers; the platform also offers a free tier for up to $100,000 in gross written premium (GWP) annually with no minimum commitment. Loro plans to accelerate its product roadmap, grow its global team, and invest further in connectivity to unify carriers, MGAs, brokers, and agents on a single infrastructure. Loro Insurtech offers a no-code technology platform that enables insurers and managing general agents (MGAs) to create, customize, and deploy insurance products while retaining full underwriting control. Users on the platform also have unlimited distribution opportunities. The company is led by CEO Peter Tilbrook and is headquartered in Dover, Del. Loro raised $750K in seed funding to support its growth. The firm intends to use the proceeds to expand the team, accelerate product innovation, and drive adoption among insurers. No revenue or user metrics were disclosed in the article.

Participated · Seed · May 2025

Scription is a Calgary-based technology company founded in 2020 that offers Scription360, a subscription maintenance program for commercial foodservice equipment. The platform replaces hourly repair rates with monthly fixed-price coverage and uses predictive maintenance and data analytics to align incentives between service providers and restaurant operators. Scription says the model reduces total cost of ownership, increases equipment uptime, simplifies operations, and improves replacement planning for quick-serve franchise brands. The company plans to expand Scription360 throughout North America and has appointed Gerritt Graham as CEO to lead that expansion. To date Scription has raised $10.35M, including a $2.5M pre-seed in 2023 led by Markd and a $7.85M seed closed in January 2025 led by IA Capital with participation from Markd. The company positions itself as an outcome-based service platform that lowers operators' cost of risk through predictive analytics and aligned service incentives. Scription is an Edmonton, Canada–based Insurtech led by CEO Justin Villiers. The company’s platform leverages historical maintenance data to intelligently price and offer insurance for maintenance contracts tailored to individual pieces of equipment. Scription’s programs give service companies recurring aftermarket revenue and repairs exclusivity while equipment owners receive more predictable costs and fewer breakdowns. The startup raised $2.5M in funding and intends to use the proceeds to launch and onboard anchor customer brands. The company combines domain expertise and technology to help firms launch new aftermarket service programs.

Participated · Series A · Oct 2024

COVU offers an AI-native insurance customer management and risk advisory platform that blends intelligent automation with human expertise to serve agencies, brokers, and financial institutions. The company operates an AI-native roll-up and marketplace to help agencies leverage AI for smarter customer management. It has launched AI capabilities that can close roughly one out of three customer cases without human intervention and reported 3–4x growth last year. COVU plans to expand its marketplace and AI automation while maintaining human oversight and strengthening partnerships across the insurance ecosystem. The company says the new funding will accelerate scaling of its AI innovation and services for insurance agencies and partners. Financially, COVU has increased its Series A and secured access to venture debt while pursuing additional debt financing to support growth. COVU builds an AI-native platform that combines artificial intelligence with human support to improve insurance agency servicing and customer experiences. The company focuses on tools that streamline workflows, boost retention, grow revenues, and strengthen trust for agency partners. Proceeds from the current financing will be used to expand operations, drive further innovation on the platform, and accelerate growth across key markets. COVU reported completion of a $12.5 million equity and debt tranche as part of its Series A and says total funding to date is now over $20 million. Management also disclosed an additional $4 million in debt and equity financing that can be unlocked upon reaching key milestones. The company is based in San Francisco and is led by Co‑Founder and CEO Ali Safavi. Covu is a newly formed AI-enabled digital platform for insurance agencies and carriers based in Redwood City, CA. The company offers AI-driven policy recommendations, business services and sales support, and takes ownership of front- and back-office tasks to free agents to focus on customer relationships and growth. Covu was co-founded by insurance veterans Ali Safavi and Tasos Chatzimichailidis alongside machine learning and data science experts Amir Kargar and Amin Zarshenas. The startup raised seed funding to build and scale its platform and pursue digital operations adoption among independent agents. Management has stated a first major milestone of securing one billion dollars of insurance premium under contract. The article does not disclose operating metrics such as revenue or user counts.

Led · Equity · Apr 2024

CrashBay operates in the insurance ecosystem and is currently concentrating on strengthening and expanding its partnerships with insurance carriers. The company’s strategy involves collaborating closely with experienced industry executives to refine its claims and carrier engagement capabilities. A recent step toward this goal is the addition of long-time Nationwide Insurance claims leader Alan Demers as both investor and advisor. Demers’ background spans more than two decades in personal, commercial, and specialty claims operations, catastrophe response, and claims technology, aligning well with CrashBay’s objectives. While specific product details and operating metrics were not disclosed, the firm’s near-term plans center on leveraging Demers’ expertise to accelerate its carrier integration and claims strategy efforts. Financial details such as revenue, user numbers, or profitability have not been revealed.