Fulcrum, a platform designed to automate workflows for insurance brokerages, has raised $25 million in a combined Seed and Series A funding round. This funding reflects growing investor interest in insurance technology companies that use artificial intelligence.
The round was led by CRV, with participation from South Park Commons, Foundation Capital, and some insurance-focused angel investors. The investment highlights a trend where more capital is flowing to AI-focused insurance tech firms instead of early-stage startups without clear business paths.
In the third quarter of 2025, AI-driven insurtechs made up nearly 75% of the sector’s total funding, pulling in over $750 million across 49 deals. By comparison, insurtechs focused on commercial aspects raised around $470 million in the same period. Overall, global investment in insurance technology has leveled off at about $7 billion annually.
Fulcrum stands out because it already serves nearly half of the top 50 insurance brokerages in the United States. The platform automates key processes such as checking policies, analyzing coverage, preparing proposals, and issuing certificates. It saves its customers over 2,500 hours of servicing work daily. This efficiency has reduced policy delivery times from several weeks down to the same day and sped up proposal preparation.
Arjun Mangla, the company’s co-founder and CEO, explained that Fulcrum looks at the entire workflow rather than focusing on individual tasks. He said their goal is to support brokers by cutting the friction that slows their teams, not replacing their judgment.
Sambhav Anand, co-founder and CTO, added that recent advances in AI have allowed Fulcrum to handle the operational challenges that come with managing systems, documents, and people all at once.
With this new funding, Fulcrum plans to expand its platform and grow its presence with large commercial and specialty brokerages. These areas often have more operational challenges but also benefit the most from automation.
This round is a clear sign that investors are putting their money into insurance tech companies that have proven products and steady revenue, especially those harnessing AI to improve efficiency in the industry.