Authentic
11 known investors
Authentic builds technology infrastructure for specialized insurance programs, enabling brokers and carriers to develop tailored coverage for specific niches and classes. The platform uses data analytics to improve underwriting decisiveness and speed in commercial insurance.
Also known as Authentic Insurance
Founders & leadership



Investors · 11
Also in the syndicate · 2
Funding
SEC filings, press & company announcements$16.5M disclosed across 2 of 3 rounds · 2022–2024
- $11MSeries AMay 2024 · 3 sources
FirstMark Capital (lead), Altai Ventures, Commerce Ventures, MGV, Slow Ventures, Upper90
Source ↗ - $5.5MSeed roundSep 2023 · 2 sources
Slow Ventures (lead), Altai Ventures, Clocktower, Commerce Ventures, Core Innovation Capital, MGV, Mischief Ventures, Upper90
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Authentic (Authentic Insurance) is a New York-based insurtech that supplies the infrastructure behind specialized commercial insurance programs. Its platform positions itself as an end-to-end program management system: a single operating environment holding all of a partner's programs, a rate-quote-bind engine, configurable pricing based on the partner's own data with pre-set default coverages, limits and options, and real-time reporting on book performance, upcoming renewals and payments.
The company's earlier described model applied the captive insurance structure to software companies and communities. SaaS platforms, franchisors, associations and other communities could establish their own captive insurance programs for small-business coverage, integrating with "one line of code," while Authentic handled underwriting, claims management, and capital markets and reinsurance in exchange for a fee. That offering served businesses with less than $5 million in annual revenue, with planned expansion into workers' compensation, health insurance products and benefits.
Authentic describes its team as a mix of insurance entrepreneurs, technologists and finance-oriented operators, and frames the shift toward programs — tailored coverage designed around specific classes and niches — as a structural change in the market driven by fragmentation and expanding specialty distribution. Its stated underwriting thesis is that year-over-year data patterns allow faster, more decisive risk selection and separation of good data from bad.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 7
by search overlapCompanies competing with Authentic for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 3
launches, deals, and filingsAuthentic announced an $11 million Series A round led by FirstMark Capital, with participation from Slow Ventures, Altai Ventures, MGV, Upper90 and Commerce Ventures, to expand its team, operations and product development including workers' compensation, health insurance products and benefits.
$11M source ↗
Authentic partners with software platforms including Mindbody, Restaurant365, barber booking app theCut and gym operating system PushPress to offer insurance to their small-business customers.
Authentic made its product available to customers, applying the captive insurance model to SaaS platforms and communities offering small-business coverage.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Authenticauthenticinsurance.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Authentic do?
- Authentic provides technology infrastructure that lets brokers, carriers and platforms launch specialized insurance programs.
- Who founded Authentic?
- Authentic was founded by Cole Riccardi, Kyle Babirad.
- Who are Authentic's investors?
- Authentic's investors include Altai Ventures, Clocktower Ventures, Commerce Ventures, Core Venture Capital, Slow Ventures, Upper90, Core Innovation Capital, General Atlantic and 1 more.
- How much funding has Authentic raised?
- Authentic has disclosed $16.5M raised across 2 of its 3 known rounds.





