Counterpart, a specialty InsurTech company designed for the AI era and pioneer of Agentic Insurance™, has closed a $50m Series C funding round, pushing its total capital raised to $106m.
The round was led by Valor Equity Partners, with continued participation from existing investor Vy Capital.
The fresh capital will be directed towards four strategic priorities: launching new specialty insurance products, building industry-specific programmes, expanding claims and risk management capabilities, and capitalising Counterpart Insurance Company to allow it to retain risk and better align incentives with partners throughout the value chain.
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.
Counterpart has spent more than five years assembling the data infrastructure, underwriting capability, and technology to price and manage exposures at a level of precision that the conventional insurance market cannot replicate. The company has processed in excess of 250,000 applications, written over 35,000 policies through a broker network of 2,800 and four A-rated carriers, achieved loss ratios that lead the industry, and helped businesses resolve claims more than twice as quickly with outcomes more than 10% better than sector benchmarks. The business reported premium growth of nearly 175% in 2025.
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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