i23 has raised £4.9M in a seed funding round, co-led by Outward VC, Seedcamp, Insiders VC, and Four Cities Capital, to acquire an existing insurance brokerage.
London-based InsurTech start-up i23 has raised £4.9M in a seed funding round. The company is developing an AI-native commercial insurance broker platform designed to automate administrative workflows and policy documentation. The capital will be used to acquire an existing insurance brokerage. This acquisition will enable i23 to deploy its AI technology directly into the firm's operations.
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Company Information
Company
i23
Location
Greater London, England, United Kingdom
About
i23 is a London-based InsurTech start-up focused on transforming the insurance brokerage model through artificial intelligence. The company is developing an AI-native commercial insurance broker platform designed to automate administrative workflows and policy documentation within the insurance industry. Led by a team with significant experience in finance and technology, i23 aims to modernize insurance processes and deliver measurable improvements in operational efficiency.
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Greater LondonFinancial ServicesArtificial IntelligenceFintechInsurtechInsurance