1Fort, a NYC-based company providing an AI platform for business insurance, raised $7.5M in funding.
The round was led by Bonfire Ventures, with participation from Draper Associates, Karim Atiyeh, the founder of Ramp, Village Global, Operator Partners, 8-Bit Capital, Character VC and Company Ventures.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Anthony Marshi, 1Fort is an insurtech leveraging AI technology to automate business insurance for brokers. Its platform provides AI to automate various broker workflows, including autofilling insurance applications, retrieving quotes from carriers, comparing coverages, and integrating payment and financing options.
The company is licensed in all 50 states and has already partnered with more than a dozen A-rated carriers.
This raise brought the total amount to $10M.
FinSMEs
18/04/2025