Fulcrum, a San Francisco, CA–based AI platform for insurance brokerages, has raised $25 million in Seed and Series A funding.
Investors
The funding round was led by CRV, with participation from South Park Commons, Foundation Capital, and other prominent insurance and technology angel investors.
CRV is a venture capital firm specializing in backing technical founders at the Seed and Series A stages. The firm invests heavily in enterprise software, SaaS, AI, consumer tech, and bioengineering. Since 1970, CRV has backed over 750 startups.
Fulcrum Use of Funds
The company will use the funding to expand its AI platform, enhance integration with existing brokerage systems, and accelerate adoption among top U.S. insurance brokerages.
About Fulcrum
Founded by Arjun Mangla and Sambhav Anand, Fulcrum is an AI platform for insurance brokerages that helps teams modernize workflows such as policy checking, proposal generation, and certificate issuance. The company provides AI agents that automate tasks including coverage and claim analysis, proposal generation, policy checking, client and carrier sales preparation, and certificate issuance. Fulcrum integrates directly with brokers' existing systems of record, including AMS and email infrastructure, to extract and reconcile data across policies, proposals, and certificates. Headquartered in San Francisco, California, its platform is already adopted by many of the top 50 U.S. brokerages.
Funding Details
Company: Fulcrum, Inc.
Raised: $25.0M
Round: Seed, Series A
Funding Date: January 2025
Lead Investor: CRV
Additional Investors: South Park Commons, Foundation Capital, and a group of insurance and technology angel investors
Company Website: https://www.withfulcrum.com/
Software Category: Insurance AI / Workflow Automation
Source: Sophia Tavakol