Slingshot Insurance Raises $27M Seed

Slingshot Insurance, a Minneapolis-based company providing AI-native infrastructure for the embedded insurance market, has emerged from stealth with $27 million in seed financing. The company serves managing general agents, insurance distributors, and industry vertical software platforms by replacing fragmented legacy tools with a unified system designed for high-frequency, low-severity insurance products.

Investors

The seed financing co-led by Rally Ventures and Skyward Group. Several P&C industry veterans also participated in the oversubscribed round, including Jim Hays, who will join the company's Board of Directors.

Slingshot Insurance Use of Funds

Slingshot plans to use the capital to further develop its AI-native platform, which automates complex workflows and integrates with MGAs, distribution platforms, and capital providers to allow for the profitable operation and scaling of embedded insurance products.

About Slingshot Insurance

Slingshot Insurance is an AI-native insurance company focused on the embedded economy. Its platform enables MGAs and insurance distributors to develop and scale specialized insurance products across markets such as travel, amateur sports, and the gig and independent-work economy.

Funding Details

Company Website: https://slingshotinsurance.com

Company: Slingshot Insurance
Raised: $27M
Round: Seed
Funding Date: October 22, 2026
Lead Investor: Rally Ventures, Skyward Group
Company Website: www.slingshotinsurance.com
Software Category: Insurance Technology
Source: https://www.prnewswire.com/news-releases/slingshot-insurance-emerges-from-stealth-with-27-million-seed-investment-to-build-ai-native-infrastructure-for-embedded-insurance-302914508.html