Fundz

Authentic Raises Over $5M To Tech-Enable Captive Insurance

PUBLIC · AHROSep 20, 2023

Amount Raised

$5 Million

Round Type

Funding Round

MorristownFinancial ServicesFashionEmployee BenefitsMusicInsuranceSaaS

Investors

Upper90Core Innovation CapitalMischief VenturesCommerce VenturesClocktowerAltaiMgvSlow Ventures

Description

Authentic, the "captive in a box" insurance platform announces the close of a $5.5m seed financing. The round was led by Slow Ventures with participation from MGV, Altai, Clocktower, Commerce Ventures, Mischief Ventures, Core Innovation Capital, and Upper90 in addition to a number of insurance executives. Authentic makes it possible for any SaaS company, association, franchisor, or roll-up to monetize insurance with no integration work.

Quick answer

Authentic raised $5 Million in a Funding Round round, dated September 20, 2023. Investors: Upper90, Core Innovation Capital, Mischief Ventures, Commerce Ventures, Clocktower, Altai, Mgv and Slow Ventures. Authentic is based in Morristown, New Jersey, United States.

How much did Authentic raise?
Authentic raised $5 Million in a Funding Round round on September 20, 2023.
Who invested in Authentic?
Upper90, Core Innovation Capital, Mischief Ventures, Commerce Ventures, Clocktower, Altai, Mgv and Slow Ventures are named as investors in this round.
What does Authentic do?
Authentic enables SaaS platforms, associations, and other communities to create their own captive insurance programs.
Where is Authentic based and how big is it?
Authentic is based in Morristown, New Jersey, United States. Fundz records about 707 employees.
Who are the decision-makers at Authentic?
Fundz holds 1 contact at Authentic. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Fashion around the same time

Companies in the same sectors as Authentic that raised within 45 days of this round, from Fundz verified event records.

  • Canopy Connect raised $6.5M (Series A) on October 25, 2023.
  • Pacific Life raised $8.5M on October 23, 2023.
  • Cobre raised $13M (Funding Round) on October 5, 2023.
  • Vyzer raised $6.3M (Seed) on October 4, 2023.
  • Common Trust raised $2.6M (Seed) on September 11, 2023.
  • CLARA Analytics raised $24M (Series C) on September 8, 2023.

Who to call at Authentic, and when

A new round usually means Authentic is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Authentic raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Authentic, from your own LinkedIn network

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Company Information

Company

Authentic

Location

Morristown, New Jersey, United States

About

Authentic enables SaaS platforms, associations, and other communities to create their own captive insurance programs. Captives bring financial and coverage benefits that large enterprises have leveraged for the past ~50 years. Authentic's tech-enabled platform compresses the complexity of captive insurance and delivers the benefits to small business groups.

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Fundz sees it the moment Authentic raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.