Vertical Insure, a Minneapolis-based InsurTech has raised $8.5m in equity financing, as disclosed in a Form D filing with the SEC on 12 June.
The round began on 2 June and included 12 investors, according to the Coverager. With this latest raise, Vertical Insure’s total disclosed funding stands at $14.52m across three rounds.
Vertical Insure’s core offering enables B2B SaaS platforms—particularly in sectors such as travel and youth sports—to embed insurance products into their platforms.
These include gap medical, trip cancellation, event liability, and refund protection options. The startup’s strategy aims to improve accessibility and customer conversion for partner platforms through seamless coverage options.
The proceeds from the latest round are expected to be channelled into enhancing its platform, expanding insurance offerings—especially in travel and sports—and scaling its go-to-market strategy through new partnerships and integrations.
In March 2025, Vertical Insure announced it had acquired US Sports Club Insurance (USSCI), a provider of registration insurance for youth and amateur sports organisations.
The move is intended to deepen the company’s specialisation in the sports vertical, building on shared partnerships with sports registration platforms and leagues.
Before the current round, the company raised a $6m seed round, which included a $2m extension led by Greenlight Re Innovations, alongside Groove Capital and several angel investors.
Source: https://fintech.global/
