1Fort Secures $7.5M in Funding for AI Business Insurance Platform
1Fort, a New York City-based company specializing in AI technology for business insurance, has recently announced a successful funding round of $7.5 million.
The investment was led by Bonfire Ventures, with additional contributions from Draper Associates, Karim Atiyeh (founder of Ramp), Village Global, Operator Partners, 8-Bit Capital, Character VC, and Company Ventures.
The capital injection will be used to further expand the company’s operations and enhance its development efforts.
Under the leadership of CEO Anthony Marshi, 1Fort offers an innovative insurtech solution that leverages AI to streamline insurance processes for brokers. Their platform automates various broker workflows such as filling out insurance applications, obtaining quotes from carriers, comparing coverage options, and integrating payment and financing solutions.
With licenses in all 50 states, 1Fort has already established partnerships with over a dozen A-rated carriers, showcasing its commitment to providing comprehensive insurance solutions.
This recent funding round brings 1Fort’s total investment to $10 million, marking a significant milestone for the company’s growth and expansion.
Stay tuned for more updates from 1Fort as they continue to revolutionize the business insurance industry with cutting-edge AI technology.
FinSMEs
18/04/2025
