Counterpart Raises $50 Million Series C to Tackle AI-Era Business…

Team S · 2026-04-30T15:34:57.000Z

Los Angeles-based insurtech startup Counterpart has secured $50 million in Series C funding, reinforcing strong investor confidence in AI-driven insurance solutions tailored for modern business risks. The round brings the company’s total funding to approximately $106 million. The funding round was led by Valor Equity Partners, with continued participation from existing investor Vy Capital. Founded by Tanner Hackett, Counterpart is building what it calls “Agentic Insurance” a model that combines AI with deep underwriting expertise to help businesses manage risks related to hiring, operations, and AI usage. As companies increasingly adopt AI tools, they are also facing rising legal and compliance risks, particularly around hiring practices and automated decision-making. Counterpart’s platform leverages data and machine learning to improve underwriting accuracy, speed up claims processing, and deliver better outcomes compared to traditional insurance systems. The company has already processed over 250,000 applications and issued more than 35,000 policies, demonstrating strong market traction. The newly raised capital will be used to launch new specialty insurance products, expand risk management capabilities, and strengthen its insurance infrastructure. This includes capitalizing its own insurance entity to retain more risk and align incentives across the value chain. As AI adoption accelerates globally, Counterpart is positioning itself at the intersection of insurtech, AI, and enterprise risk management, a category expected to grow significantly in the coming years.

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Counterpart Raises $50 Million Series C to Tackle AI-Era Business… | Newnex