Adaptive Insurance Closes Additional $5M Financing

Adaptive Insurance, an Austin, Texas-based insurtech company providing AI-driven climate resilience and specialty insurance solutions, has secured an additional $5 million in funding. This latest capital infusion brings the company's total funding to $10 million, further supporting its mission to bridge the protection gap created by increasing climate volatility.

Investors

The funding round saw participation from a group of new and existing investors. New investors include IAG Firemark Ventures, Sunna Ventures, Room & Pillar, and Connecticut Innovations. They were joined by returning backers Congruent Ventures, Seraphim Space, and several private stakeholders.

Adaptive Insurance Use of Funds

Adaptive Insurance plans to use the new capital to accelerate the development and distribution of its specialty product portfolio. The company intends to grow its network of agents and partners and continue the enhancement of its proprietary climate intelligence platform to better address emerging weather-related risks.

About Adaptive Insurance

Founded to address the growing global protection gap, Adaptive Insurance acts as a specialty managing general agent and insurtech platform. Led by CEO Mike Gulla, the company combines data and technology to offer parametric insurance products, including coverage for short-duration power outages, wind and hail deductible buy-backs, and advanced flood protection, helping both businesses and homeowners maintain continuity against unpredictable climate disruptions.

Funding Details

Company Website: https://adaptiveinsurance.com

Company: Adaptive Insurance
Raised: $5M
Round: Other
Funding Date: July 07, 2026
Additional Investors: IAG Firemark Ventures, Sunna Ventures, Room & Pillar, Connecticut Innovations, Congruent Ventures, Seraphim Space
Company Website: https://adaptiveinsurance.com
Software Category: Insurtech
Source: https://www.globenewswire.com/news-release/2026/07/07/3323146/0/en/adaptive-insurance-closes-additional-5m-financing-to-expand-specialty-insurance-products-addressing-emerging-risks.html