Counterpart, a specialty InsurTech firm pioneering Agentic Insurance™ for the AI era, has completed a $50m Series C funding round, bringing its cumulative total raised to $106m.
Valor Equity Partners led the investment, with Vy Capital, an existing shareholder, continuing its participation.
The company intends to deploy the capital across four areas: introducing new specialty insurance products, developing industry-specific programmes, enhancing claims and risk management services, and capitalising Counterpart Insurance Company to enable it to retain risk and more closely align incentives with its partners across the value chain.
Counterpart has spent more than five years building the underwriting expertise, proprietary data, and technology infrastructure needed to price and manage risks at a precision the traditional insurance market is unable to offer.
The InsurTech offers its Agentic Insurance, which combines deep insurance expertise with modern AI. Through this, clients can access improved management and professional liability solutions for underwriting, risk management and claims resolution.
To date, the company has processed over 250,000 applications and written more than 35,000 policies through a network of 2,800 brokers and four A-rated carriers. It reports industry-leading loss ratios, claim settlement speeds more than twice as fast as sector benchmarks, and outcomes more than 10% better than the industry average. Premium growth in 2025 reached nearly 175%.
Counterpart CEO and founder Tanner Hackett said, “We are witnessing a generation of small business owners walking into the most litigious environment in American history without protection.
“AI-related lawsuits are already being filed targeting hiring, content creation, and customer service practices. Companies cannot afford to stand still as AI advances, but every step forward brings new and often unseen risks. We built Counterpart because the legacy insurance market isn’t equipped to solve these types of challenges on their own, and the cost of inaction is increasing for all stakeholders.”
Valor Equity Partners partner Jon Shulkin said, “We look for companies that become the category, and Counterpart is doing exactly that. Counterpart saw the AI inflection coming years before anyone else and understood that the right technology, in the hands of the right insurance experts, could transform the experience for every party in the transaction. We have seen that each policy Counterpart writes and each claim it handles informs its models and improves the experience for the next customer.”
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