Funding

1Fort Raises $7.5M to Transform Business Insurance with AI

Apr 19, 2025 | By Startuprise

1Fort, an AI-powered business insurance platform, has announced an oversubscribed $7.5 million funding round led by Bonfire Ventures, with participation from Draper Associates (Tim Draper), Karim Atiyeh (Co-founder of Ramp), and returning investors Village Global, Operator Partners, 8‑Bit Capital, Character VC, and Company Ventures. This brings the company's total funding to $10 million.

Also read - Exaforce Raises $75M in Series A Round Funding

The raise comes amid growing demand for smarter insurance solutions—70% of businesses rely on brokers, yet 75% remain underinsured. With a 200% month-over-month revenue growth in 2024, 1Fort has quickly established itself as a key player in the insurtech space. The platform is licensed in all 50 states and is integrated with major insurance carriers, including Arch, The Hartford, and Markel.

The new capital will fuel AI innovation to streamline broker workflows, scale engineering and product teams, and deepen partnerships with carriers and brokerages.

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“Our goal is simple: help every business secure the protection they need against today’s fast-evolving risks,” said Anthony Marshi, Co-Founder & CEO of 1Fort. “This investment enables us to supercharge our AI roadmap and expand our broker and carrier partnerships.”

About 1Fort

1Fort’s platform enables hundreds of independent brokers to deliver faster, more accurate, and preventative insurance solutions—helping clients save time, win more business, and stay protected.