AI neo-insurer MGT closes $21.6M oversubscribed Series B to redefine commercial P&C insurance for small businesses, led by Mubadala Capital.
Amount Raised
$21.6 Million
Round Type
Series B
EnglewoodInsurtechInsuranceInvestors
Description
MGT, a vertically AI-native neo-insurer, has announced it closed an oversubscribed $21.6 million Series B funding round. This funding will enhance MGT's research and development and expand its growth initiatives nationwide. Led by Mubadala Capital, with participation from other investors, the round marks a significant milestone for the company. MGT aims to modernize the insurance process for small businesses with smarter and faster solutions.
Quick answer
MGT Insurance raised $21.6 Million in a Series B round, dated October 16, 2025. Investors: Clocktower Ventures, Tacora Capital and Mubadala Capital. MGT Insurance is based in Englewood, Colorado, United States.
- How much did MGT Insurance raise?
- MGT Insurance raised $21.6 Million in a Series B round on October 16, 2025.
- Who invested in MGT Insurance?
- Clocktower Ventures, Tacora Capital and Mubadala Capital are named as investors in this round.
- What does MGT Insurance do?
- MGT Insurance is a tech-enabled risk solutions platform that improves commercial P&C insurance for both the broker and the policyholder.
- Where is MGT Insurance based and how big is it?
- MGT Insurance is based in Englewood, Colorado, United States. Fundz records about 72 employees.
- Who are the decision-makers at MGT Insurance?
- Fundz holds 2 contacts at MGT Insurance. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Insurtech and Insurance around the same time
Companies in the same sectors as MGT Insurance that raised within 45 days of this round, from Fundz verified event records.
- Modern Life raised $20M (Series A) on November 19, 2025.
- Laka raised $8.5M (Debt Financing) on November 13, 2025.
- FurtherAI raised $25M (Series A) on October 7, 2025.
- Nava Benefits raised $30M (Series C) on October 7, 2025.
- CyberCube raised $180M on October 1, 2025.
- Veridox raised $1.3M (Seed) on September 23, 2025.
Who to call at MGT Insurance, and when
A new round usually means MGT Insurance is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day MGT Insurance raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at MGT Insurance, from your own LinkedIn network
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Funding Insights
What this usually meansMGT Insurance raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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