Fulcrum, a workflow automation platform built for insurance brokerages, has closed a $25 million funding round combining Seed and Series A investments, as artificial intelligence-focused insurtechs continue to capture the lion's share of venture capital flowing into the sector.
CRV led the round, with South Park Commons, Foundation Capital, and insurance-focused angel investors also participating.
The funding comes as investor appetite for AI-driven insurance technology shows no signs of abating. In the third quarter of 2025, AI-centered insurtechs accounted for 74.8% of total sector funding, raising $751.72 million across 49 deals. Commercial-focused insurtechs raised $470.67 million during the same period.
The concentration of capital in AI ventures reflects a broader recalibration among insurtech investors, who are increasingly seeking out companies that are already generating revenue and approaching profitability rather than backing early-stage experiments with uncertain paths to commercialization.
Annual insurtech investment has stabilized at around $7 billion globally.
Fulcrum's established customer base – the company says its technology is used by nearly half of the top 50 US insurance brokerages – positions it squarely within this trend toward mature ventures with demonstrated market traction.
The platform handles servicing workflows including policy checking, coverage analysis, proposal preparation, and certificate issuance.
The technology currently executes more than 2,500 hours of servicing work daily across its customer base. According to the company, this has helped reduce policy delivery timelines from weeks to same-day turnaround and shortened proposal preparation cycles.
Arjun Mangla, co-founder and chief executive of Fulcrum, said the company takes a different approach from platforms that focus on optimizing individual tasks.
"Fulcrum focuses on how work flows end-to-end because that's where the real cost and risk live," Mangla said. "We're not trying to replace broker judgment; we're augmenting it by removing the friction that slows teams down."
Sambhav Anand, co-founder and chief technology officer, noted that recent developments in artificial intelligence have enabled the company to address operational complexity at scale.
"The challenge in brokerage operations isn't automating a single task, it's managing complexity across systems, documents, and people," Anand said.
Fulcrum says that it plans to deploy the new capital to expand its platform capabilities and support growth among large commercial and specialty brokerages – segments where operational complexity and the potential returns from automation are particularly pronounced.
