Converge Insurance

Converge Insurance

Private
New York City, New YorkFinTechhttps://www.convergeins.com

Last Round

Strategic

Mar 3, 2025

Total Funding Raised

$20M

Momentum Score

75 /100

Company Overview

Converge Insurance is a managing general agent (MGA) that specializes in cyber risk management and underwriting. The company fuses cyber insurance, security, and proprietary data technology to provide businesses, particularly small to medium-sized enterprises (SMBs), with comprehensive cyber protection. By deploying a proprietary data ecosystem and leveraging expert underwriting, Converge aims to deliver precise, transparent, and customized cyber risk solutions. The company partners with brokers and capacity providers like QBE to bring its coverage to market across the United States. Recent funding is intended to expand its platform functionality, grow its team of experts, and increase its insurance capacity.

Sector

FinTech

Verticals

InsurTech, Compliance & Risk, Threat Intelligence, API Management, Incident Response

Business Model

B2B

Customer Profile

Marketplace Commission

AI Layer

Application

Keywords

cyber insurancemanaging general agentMGAcyber liability insuranceembedded insuranceinsurance APIinsurtechSMB cyber insurancecyber risk underwritinginsurance broker platformdata-driven underwritingtechnology errors & omissionstech E&Omedia liability

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Caplight Momentum Score

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Converge Insurance Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Converge Insurance Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
StrategicMar 3, 2025
Series AAug 1, 2023

Key People

Founding team and executive leadership

Thomas Kang

Chief Executive Officer

Executive Team

David Kimmel

Chief Financial Officer

Executive Team

Converge Insurance Investors

Notable investors and investment history

InvestorRounds
Forgepoint CapitalSeries A
QBE VenturesStrategic

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 19, 2026

    Partnered with KYND Limited to deploy cyber vulnerability reports.

  • May 21, 2025

    David Kimmel appointed as Chief Financial Officer.

Converge Insurance Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Converge Insurance Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersNew York City, New York
Employee Range58
Year Founded2021
Last FundingMar 3, 2025

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