Who founded Insurate?

Insurate was founded by Joe McIlhon in 2019.

Who are Insurate's investors?

Insurate's investors include Clocktower Ventures, Foundation Capital, Revolution, HSCM Ventures, Rise of the Rest Seed, Sure Ventures.

How much funding has Insurate raised?

Insurate has disclosed $4.5M raised across 1 round.

Where is Insurate headquartered?

Insurate is headquartered in Omaha, US.

Insurate

Omaha, US · Founded 2019 · Delaware corporation · 29 employees on LinkedIn · 6 known investors

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Insurate is a managing general agency and AI risk-intelligence platform for high-hazard workers' compensation insurance, using claims history and predictive analytics to price policies and target loss prevention. It serves agents, carriers, and industrial businesses in the U.S. by underwriting and managing middle-market workers' comp programs.

AI & Machine Learning Fintech InsurTech

Founders & leadership

Insurate was founded in 2019 by Joe McIlhon.

Joe McIlhon CEO & FounderJoe Mcilhon is the founder of Insurate, a managing general agency that develops AI-powered underwriting and risk intelligence systems for workers' compensation insurance. He is a veteran with background interests in AI, systems design, and infrastructure resilience.

Ron HumeNamed on SEC filing

Scott WellerCo-founder & President

Hossein MousaviCo-founder & Chief Financial Officer

Adrian JonesNamed on SEC filing

James RobinsonNamed on SEC filing

Shami PatelNamed on SEC filing

Investors · 6

Clocktower Ventureslisted by Clocktower VenturesSanta Monica · $100K – $20M

How we know: Clocktower Ventures's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Foundation Capitallisted by Foundation CapitalPalo Alto · $250K – $15M

How we know: funding news · insurancejournal.com · foundationcapital.com · Not right? Tell us

Revolutionlisted by RevolutionWashington, D.C. · $100K – $1M

How we know: Revolution's portfolio page · Not right? Tell us

HSCM VenturesreportedStamford

How we know: funding news · artemis.bm · Not right? Tell us

Rise of the Rest SeedreportedWashington

How we know: funding news · insurancejournal.com · Not right? Tell us

Sure VenturesreportedSilicon Valley

How we know: insurancejournal.com · open dataset · 5k.vc investor directory · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$4.5M disclosed across 1 round · 2021

▶$4.5MraisedOct 2021 · 17 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Ron HumeExecutive Officer
Joe McIlhonExecutive Officer, Director, Promoter
Scott WellerExecutive Officer
Hossein MousaviExecutive Officer
Adrian JonesDirector
James RobinsonDirector
Shami PatelDirector

Offering amount: $4.6M
Amount sold: $4.5M
First sale: Sep 2021
Incorporated: Corporation, Delaware, 2019
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 6

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InsurityInsurity builds cloud-based software platforms and AI-enabled workflows for property and casualty insurers, MGAs, and Lloyd's managing agencies to manage operations, underwriting, and risk. The platform is designed to accommodate diverse business models and operational approaches across global insurance markets.

InshurINSHUR provides embedded commercial auto insurance for drivers in the on-demand economy, delivered through a digital platform for large driver platforms such as Uber and Amazon. It operates across the US, UK, and Europe, offering end-to-end insurance programs including rideshare, last-mile delivery, and pay-as-you-go coverage.

InsurePayInsurePay is a payment platform for the insurance industry that enables carriers, agents, and MGAs to collect, send, and reconcile payments. The platform specializes in pay-as-you-go workers' compensation billing linked to live payroll data, along with premium payments, payables, claims processing, and reconciliation workflows.

LibertymutualLiberty Mutual provides commercial insurance solutions across multiple industries, including cyber insurance, property, liability, and workers compensation coverage tailored to business needs.

SureSure provides a digital insurance platform that enables carriers, brands, marketplaces, and software companies to offer insurance products to consumers. The company builds technology to simplify insurance purchasing and access across multiple distribution channels.

Companies working in the same space as Insurate.

Frequently asked questions

What does Insurate do?: Insurate is a managing general agency and AI risk-intelligence platform for high-hazard workers' compensation insurance, using claims history and predictive analytics to price policies and target loss prevention. It serves agents, carriers, and industrial businesses in the U.S. by underwriting and managing middle-market workers' comp programs.
Who founded Insurate?: Insurate was founded by Joe McIlhon in 2019.
Who are Insurate's investors?: Insurate's investors include Clocktower Ventures, Foundation Capital, Revolution, HSCM Ventures, Rise of the Rest Seed, Sure Ventures.
How much funding has Insurate raised?: Insurate has disclosed $4.5M raised across 1 round.
Where is Insurate headquartered?: Insurate is headquartered in Omaha, US.