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Tackling a trillion‑dollar problem
Insurance brokers are critical to safeguarding the American economy – 70% percent of businesses depend on them to get covered. But brokers are still buried in manual workflows with PDFs and endless email chains. The result? 75% percent of companies remain underinsured, leaving some 21 million U.S. businesses exposed to cyberattacks, supply‑chain shocks, and other fast‑moving threats.
AI is bringing insurance into the modern era
Insurance is massive but painfully manual. That’s why we built 1Fort: an AI‑driven platform that helps brokers automate the manual steps they take to protect businesses:
- Fetch and autofill client data into applications
- Submit to multiple A‑rated carriers instantly
- Analyze and compare quotes in seconds
- Generate polished proposals on demand
- Retain clients with proactive risk‑management tools
Brokers using 1Fort save up to two hours per submission and lift bind rates by as much as 20%, so they can focus more on their client relationships.
This funding accelerates our mission
Today we’re announcing an oversubscribed $7.5 million round led by Bonfire Ventures, with support from Draper Associates (Tim Draper), Karim Atiyeh (Founder of Ramp), and our returning investors Village Global, Operator Partners, 8‑Bit Capital, Character VC, and Company Ventures — bringing our total funding to $10 million.
Why now
- Surging demand: 70% of businesses rely on brokers for coverage, yet 75% are underinsured
- Rapid growth: 200% MoM revenue increase in 2024
- Strong partnerships: Licensed in all 50 states; integrated with carriers including Arch, The Hartford, Markel, and more
What’s next
We’ll invest in:
- AI innovations to further streamline broker workflows
- Scaling our engineering and product teams
- Expanded partnerships with carriers and brokerages
“Our goal is simple: help every business secure the protection they need against today’s fast‑evolving risks,” says Anthony Marshi, Co‑Founder & CEO. “This investment enables us to supercharge our AI roadmap and expand our brokers and carrier partnerships to transform business insurance.”
About 1Fort
1Fort is the AI platform that makes business insurance fast, accurate, and preventative. Hundreds of independent brokers rely on us to save time, win more clients, and keep businesses protected. Join us at 1fort.com/careers
