1Fort Secures $7.5 Million to Revolutionize Business Insurance
April 19, 2025, 3:31 am
In the bustling heart of New York City, a startup named 1Fort is making waves in the insurtech sector. Founded in 2022, this innovative company has just announced a significant funding round, raising $7.5 million. This investment, led by Bonfire Ventures, marks a pivotal moment for 1Fort, bringing its total funding to $10 million.
1Fort's mission is clear: to streamline the often cumbersome world of business insurance. In an industry ripe for disruption, 1Fort offers a platform that connects insurance agents directly with a variety of insurance companies. This access is not just a convenience; it’s a game-changer. Agents can now secure cyber, tech errors and omissions (E&O), management liability, and professional liability coverages with unprecedented ease.
The funding round also saw participation from notable investors, including Draper Associates, Karim Atiyeh, the founder of Ramp, and existing backers like Village Global and Operator Partners. Their support underscores the confidence in 1Fort’s vision and potential.
1Fort operates in all 50 states, a feat that speaks volumes about its ambition and reach. The company has already established partnerships with more than a dozen A-rated carriers, ensuring that agents have access to reliable and robust insurance options. This extensive network is crucial in an industry where trust and reliability are paramount.
At the helm of 1Fort is CEO Anthony Marshi. His leadership is pivotal as the company navigates the complexities of the insurance landscape. Marshi emphasizes the importance of protecting businesses against evolving risks. In a world where cyber threats and liability issues are on the rise, 1Fort’s platform aims to provide the necessary safeguards.
The infusion of $7.5 million will be directed towards enhancing 1Fort’s artificial intelligence capabilities. The startup plans to supercharge its AI roadmap, which is central to its operations. By automating various broker workflows, 1Fort aims to reduce the time and effort required to secure insurance. This includes autofilling applications, retrieving quotes, and comparing coverages. The integration of payment and financing options further simplifies the process for agents and their clients.
In essence, 1Fort is not just another player in the insurtech arena; it’s a catalyst for change. The traditional insurance model can often feel like navigating a labyrinth. 1Fort’s platform acts as a guiding light, illuminating the path for agents and businesses alike.
The use of AI in insurance is not merely a trend; it’s a necessity. As the industry grapples with increasing complexity, the ability to leverage technology becomes a competitive advantage. 1Fort’s commitment to innovation positions it well for future growth. The startup is not just responding to current market demands; it’s anticipating future needs.
Investors are taking note. The participation of established venture capital firms and industry veterans speaks to the potential that 1Fort holds. The insurtech space is crowded, but 1Fort’s unique approach sets it apart. By focusing on automation and accessibility, the company is poised to capture a significant share of the market.
The insurance industry has long been criticized for its slow adoption of technology. However, 1Fort is part of a growing movement that seeks to change this narrative. The startup’s platform is designed to empower agents, giving them the tools they need to succeed in a fast-paced environment.
As 1Fort continues to grow, its impact on the insurance landscape will be closely watched. The company’s ability to adapt and innovate will determine its success. With a solid funding base and a clear vision, 1Fort is ready to tackle the challenges ahead.
In conclusion, 1Fort’s recent funding round is more than just a financial boost; it’s a signal of the changing tides in the insurance industry. As businesses face new and evolving risks, the need for efficient and effective insurance solutions has never been greater. 1Fort stands at the forefront of this transformation, ready to lead the charge. The future of business insurance is bright, and 1Fort is poised to illuminate the way.
1Fort's mission is clear: to streamline the often cumbersome world of business insurance. In an industry ripe for disruption, 1Fort offers a platform that connects insurance agents directly with a variety of insurance companies. This access is not just a convenience; it’s a game-changer. Agents can now secure cyber, tech errors and omissions (E&O), management liability, and professional liability coverages with unprecedented ease.
The funding round also saw participation from notable investors, including Draper Associates, Karim Atiyeh, the founder of Ramp, and existing backers like Village Global and Operator Partners. Their support underscores the confidence in 1Fort’s vision and potential.
1Fort operates in all 50 states, a feat that speaks volumes about its ambition and reach. The company has already established partnerships with more than a dozen A-rated carriers, ensuring that agents have access to reliable and robust insurance options. This extensive network is crucial in an industry where trust and reliability are paramount.
At the helm of 1Fort is CEO Anthony Marshi. His leadership is pivotal as the company navigates the complexities of the insurance landscape. Marshi emphasizes the importance of protecting businesses against evolving risks. In a world where cyber threats and liability issues are on the rise, 1Fort’s platform aims to provide the necessary safeguards.
The infusion of $7.5 million will be directed towards enhancing 1Fort’s artificial intelligence capabilities. The startup plans to supercharge its AI roadmap, which is central to its operations. By automating various broker workflows, 1Fort aims to reduce the time and effort required to secure insurance. This includes autofilling applications, retrieving quotes, and comparing coverages. The integration of payment and financing options further simplifies the process for agents and their clients.
In essence, 1Fort is not just another player in the insurtech arena; it’s a catalyst for change. The traditional insurance model can often feel like navigating a labyrinth. 1Fort’s platform acts as a guiding light, illuminating the path for agents and businesses alike.
The use of AI in insurance is not merely a trend; it’s a necessity. As the industry grapples with increasing complexity, the ability to leverage technology becomes a competitive advantage. 1Fort’s commitment to innovation positions it well for future growth. The startup is not just responding to current market demands; it’s anticipating future needs.
Investors are taking note. The participation of established venture capital firms and industry veterans speaks to the potential that 1Fort holds. The insurtech space is crowded, but 1Fort’s unique approach sets it apart. By focusing on automation and accessibility, the company is poised to capture a significant share of the market.
The insurance industry has long been criticized for its slow adoption of technology. However, 1Fort is part of a growing movement that seeks to change this narrative. The startup’s platform is designed to empower agents, giving them the tools they need to succeed in a fast-paced environment.
As 1Fort continues to grow, its impact on the insurance landscape will be closely watched. The company’s ability to adapt and innovate will determine its success. With a solid funding base and a clear vision, 1Fort is ready to tackle the challenges ahead.
In conclusion, 1Fort’s recent funding round is more than just a financial boost; it’s a signal of the changing tides in the insurance industry. As businesses face new and evolving risks, the need for efficient and effective insurance solutions has never been greater. 1Fort stands at the forefront of this transformation, ready to lead the charge. The future of business insurance is bright, and 1Fort is poised to illuminate the way.