Counterpart Secures $50M in Series C Funding to Scale Agentic Insurance Platform for SMB Risk

Pressure shows up quietly in small business. Not as headlines, not as panic, but as a stack of risks moving faster than the systems meant to contain them. Insurance, for a long time, moved like it had time to think. The market does not wait like that anymore, and Counterpart is building like it knows it.

Counterpart just pulled in $50M in Series C financing out of Los Angeles, led by Valor Equity Partners with Vy Capital back in the mix. Total funding now sits at $106M, and the signal here is less about the size of the round and more about who keeps leaning in. Capital tends to follow clarity, and this model is starting to look very clear.

Tanner Hackett, Founder and CEO, started Counterpart in 2019 with a direct premise. If risk evolves daily, underwriting cannot afford to lag behind it. So the company built Agentic Insurance as a working system, not a concept. It learns from exposure, prices with context, and responds at a speed that brokers and operators immediately feel when they use it.

The numbers carry weight because they reflect behavior, not just growth. Over 35,000 policies written. Nearly 175% premium growth in 2025. A broker network leaning into a platform that delivers quotes 3–5x faster. Claims resolving twice as fast with stronger outcomes. That is operational lift, not positioning.

The market they are operating in does not leave much room for delay. Management liability, professional liability, and a $10B landscape where complexity is rising and patience is thinning. Counterpart is not waiting for claims to surface. It is working upstream, shaping outcomes before they escalate into real cost.

Execution shows up in the structure. Capacity through A-rated partners like Markel. Tools brokers actually use. Risk mitigation layered in with more than 350 templates so companies are not just insured, they are actively guided. Then claims handled in house, tightening feedback loops when timing matters most, supported by leaders like Kelly North, VP of Revenue, Christina Melia, Director of Lawyers Professional Liability, and Sean Gleason, Director of Financial Services.

This $50M Series C sharpens the direction. More specialty products. Deeper vertical expansion across legal and financial services. Increased control through Counterpart Insurance Company, allowing the business to retain risk instead of passing it along. That shift changes incentives, and incentives tend to shape outcomes.

The edge here is not just speed or scale. It is alignment. When underwriting, claims, and risk mitigation sit inside the same system, decisions get tighter, faster, and harder to replicate. That is where separation starts to happen in markets like this.