i23
i23 is a UK insurance-brokerage startup building an AI-native, agentic operating model that automates routine broker administration so human brokers can focus on client judgment; it plans to acquire an existing broker as its go-to-market route.
About
i23 is a UK insurance-brokerage startup building an AI-native, agentic operating model that automates routine broker administration so human brokers can focus on client judgment; it plans to acquire an existing broker as its go-to-market route. Co-founders include former UK Economic Secretary to the Treasury Bim Afolami and PrimaryBid co-founder Anand Sambasivan.
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Capital graph
Funding history
- 2026-10-29Seed$7M
Investors · Four Cities Capital, Outward VC, Seedcamp, Insiders VenturesSource · tech.eu ↗
Comparable companies· by market
This company
BusinessLatest roundTotal raisedDate- i23
i23 is a UK insurance-brokerage startup building an AI-native, agentic operating model that automates routine broker administration so human brokers can focus on client judgment; it plans to acquire an existing broker as its go-to-market route. Co-founders include former UK Economic Secretary to the Treasury Bim Afolami and PrimaryBid co-founder Anand Sambasivan.
Seed · $7M · 2026-10
$7M
United States
BusinessLatest roundTotal raisedDate- Coverwatch
AI-native commercial insurance brokerage replacing commission-based brokers; compares 60+ carriers and matches SMB policies
Pre-Seed · $5M · 2026-07
$5M - Comeryx Insurance
Digital MGA using AI to automate underwriting and policy issuance, offering E&S insurance to small trade contractors
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AI platform for insurance agents and brokers that automates quote comparison, policy review, gap analysis and other document workflows
Series B · $57M · 2026-09
$57M
Europe
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AI Operator for insurance brokers that automates back-office paperwork such as portal entry, quoting and claims tracking
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AI workbench for commercial insurance risk engineering/loss control: automatically turns site survey evidence into structured risk assessments and survey reports
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UK chartered commercial insurance broker using its in-house digital brokerage platform to automate brokers' admin and compliance work, serving UK SMEs; the platform has begun adopting AI
Undisclosed · 2026-10
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Other / unspecified
BusinessLatest roundTotal raisedDate- General Magic
Text-message (SMS/iMessage/RCS) AI agents that automate insurance customer engagement and workflows
$14M · 2026-03
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Infrastructure and AI tools helping vertical SaaS platforms embed and distribute insurance products
Seed · $3M · 2026-03
$3M - Terminal
Unified API normalizing fragmented vehicle data from 325+ telematics providers, with AI quality checks and consent management, for insurers, fleet management and logistics operations; addresses scattered vehicle data sources and incompatible formats in fleet and insurance; described as the Plaid of telematics
Series A · $26M · 2026-07
$26M
Confirmed rounds only. Matched on subsector, sector, stage and funding scale — each verifiable on the company profiles.
Investors that may fit
Y Combinator
49 Fintech deals in the last 24 months · 34 at a nearby stage · 2 in United Kingdom
Request intro →Index Ventures
15 Fintech deals in the last 24 months · 5 at a nearby stage · 1 in United Kingdom
Request intro →Insight Partners
12 Fintech deals in the last 24 months · 4 at a nearby stage · 1 in United Kingdom
Request intro →Accel
11 Fintech deals in the last 24 months · 8 at a nearby stage · 1 in United Kingdom
Request intro →Spark Capital
10 Fintech deals in the last 24 months · 3 at a nearby stage · 2 in United Kingdom
Request intro →Peak XV Partners
6 Fintech deals in the last 24 months · 5 at a nearby stage · 2 in United Kingdom
Request intro →Ranked by each firm’s deals in this sector over the last 24 months, weighted by nearby stage and shared geography. Indicative only — no rating judgment.