Best InsurTech Companies in Minnesota, United States
The 42 best InsurTech companies in Minnesota, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Devoted Health.
Our analysis of 50 InsurTech companies
$13.8b in tracked funding; 100% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best InsurTech companies in Minnesota
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Devoted Health 🦄 Provider of healthcare insurance plans for individuals 87Funding top 10%Tech top 20%Moat top 20%Market top 25% All 11 signals ▾Fundingtop 10% Techtop 20% Moattop 20% Markettop 25% Producttop 27% Talenttop 28% Growthtop 32% Innovationtop 33% Customersbottom 45% Globalbottom 39% Newsbottom 18% Funding: Raised $2.3B across 9 rounds · 9 rounds over 9 yrs (1.0/yr) Tech: 37 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 87/100 | $2.3B | 7 mo ago | 1,841 1,841 → 2,197 (+19%) | 2017 | Todd Park Co-Founder | PrismicApple iCloud MailYouTube+22 | — | — |
| 2 | Bright HealthCare 🦄 Online health insurance platform for individuals and businesses 45Moat top 10%Funding top 26%Market bottom 49%Talent bottom 49% All 5 signals ▾Moattop 10% Fundingtop 26% Marketbottom 49% Talentbottom 49% Globalbottom 37% Moat: Editorial + unicorn rating 10/10 · Unicorn Funding: Raised $1.6B across 5 rounds · 5 rounds over 10 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 45/100 | $1.6B | 71 mo ago | 47 | 2015 | Mike Mikan CEO | — | — | — |
| 3 | Gravie Health insurance & benefit marketplace for employees 45Funding top 15%Moat top 22%Product top 32%Talent top 38% All 10 signals ▾Fundingtop 15% Moattop 22% Producttop 32% Talenttop 38% Techtop 43% Growthbottom 44% Marketbottom 43% Globalbottom 37% Newsbottom 21% Customersbottom 13% Funding: Raised $263M across 10 rounds · 10 rounds over 13 yrs (0.8/yr) Moat: Editorial + unicorn rating 8/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 45/100 | $263M | 14 mo ago | 70 | 2013 | Abir Sen Co-Founder & CEO | WordPress Block EditorWordPressApple iCloud Mail+22 | — | — |
| 4 | Surest Provider of health insurance designing services | $178M | 70 mo ago | 261 261 → 357 (+37%) | 2016 | Glen Eiden Co-Founder & CTO | Adobe Experience Manager Edge Delivery ServicesVarnishTailwind CSS+13 | — | — |
| 5 | Total Expert Provider of customer engagement platforms for financial institutions | $86M | 82 mo ago | 266 266 → 250 (-6%) | 2012 | — | WordPressApple iCloud MailMicrosoft 365+19 | 4 patents Automated document allocation and workflow management software | 1 award |
| 6 | ABILITY Insurance claims and revenue cycle management solutions insurance industry and healthcare provider | $33M | 104 mo ago | 419 | 2000 | — | — | — | — |
| 7 | Nexben Benefits utility hub powering defined contribution and ICHRA strategies | $30M | 25 mo ago | 60 | 2012 | John Kelly Founder & CEO | MUIReactEmotion+8 | 4 patents Integrated multi‑account health insurance and banking record management platform | 1 launch |
| 8 | Upsie App-based insurance platform for devices | $27M | 63 mo ago | 21 | 2013 | — | Cart FunctionalityApple iCloud MailGoogle Workspace+35 | — | — |
| 9 | ClickSWITCH Platform offering account switching solution | $18M | 71 mo ago | 55 | 2013 | Cale Johnston Founder & CEO | Kendo UIBootstrapMicrosoft ASP.NET+13 | 5 patents Automated migration of financial account data across banking systems | — |
| 10 | Bloom Health Provider of a platform for employee insurance management | $12M | 188 mo ago | 58 | 2009 | — | Node.jsW3.CSSAnimate.css+26 | — | — |
| 11 | Sagitec Pension administration & unemployment insurance software provider | $7M | 76 mo ago | 335 | 2004 | Rick Deshler Co-Founder & Partner | HubSpot CMS HubLeadfeederHubSpot Analytics+19 | — | 1 job opening · 1 partnership |
| 12 | OFCOLOR Cloud-based platform for employee financial benefits | $2M | 37 mo ago | 12 | 2019 | Yemi Rose Founder/CEO | — | — | — |
| 13 | CloudCover Blockchain-based platform for data security and insurance | $925K | 108 mo ago | 180 | 2007 | — | WordPressBugHerdMySQL+20 | 6 patents Blockchain-enabled cyber insurance and threat detection for network data transmission | 4 launchs |
| 14 | Solarte Health Providing health plan for employers | $140K | 138 mo ago | 3 | 2013 | Merlin Brown Co-Founder & CEO | WordPressMySQLPHP+16 | — | — |
Top 12 InsurTech companies in Minnesota
#1
Series F · Eagan, Minnesota · founded 2017 · 1841 employees$2.3Braised▾
Provider of healthcare insurance plans for individuals. It offers medicare plans and insurance benefits for various healthcare services with benefits and savings, including dental and over-the-counter benefits. It also offers plans for doctor visit, dental and vision protection, hospitals treatment coverage, and more. Also offers insurance comparison guide devoted to health.
- Jan 2026Series F$317M
- Nov 2025Series F$48M
- Aug 2024Series E$112M
- Dec 2023Series E$175M
#2
Series G · Minneapolis, Minnesota · founded 2013 · 70 employees$262.7Mraised▾
Gravie is a health insurance & benefit marketplace for employees. It also provides insurance benefits administration for employers, through a self-service portal, allowing employees to choose the health insurance plans. It offers multiple health benefit solutions and works with employers to choose and implement the solution.
- Jun 2025Series G$150M
- Apr 2023Series F$100M
- Mar 2022Series E$90M
- Mar 2021Series D$28.6M
#3
Series E · Minneapolis, Minnesota · founded 2015 · 47 employees$1.6Braised▾
Online health insurance platform for individuals and businesses. It offers solutions for dental & vision coverage, prescription-based medicine, mental health coverage, and more. It also provides a network of doctors, clinics and hospitals for a better healthcare experience for individuals.
- Sep 2020Series E$500M
- Dec 2019Series D$635M
- Nov 2018Series C$200M
- May 2017Series B$160M
#4
Series B · Minneapolis, Minnesota · founded 2012 · 60 employees$29.6Mraised▾
Benefits utility hub powering defined contribution and ICHRA strategies. They provide a comprehensive platform for carriers, brokers, employers, employees, and third-party administrators, offering tailored solutions for health benefits management. The platform supports defined contribution strategies, streamlines enrollment, and facilitates payments and reconciliation. They offer a white-labeled platform customized to preferences and strategy, along with ongoing support and training. Their services extend to Medicare, ancillary benefits, and group services. They empower brokers with tools and resources, including marketing support and compliance assistance. They focus on improving operations, providing access to on-demand resources, and offering mentoring for new brokers. They are a technology-driven company offering a software solution for benefits administration.
- Jul 2024Series B$1.6M
- Apr 2022Series B$24.1M
- Jun 2020Series A$5.1M
- Sep 2019Conventional Debt$2.9M
#5
Series B · Minneapolis, Minnesota · founded 2016 · 261 employees$177.5Mraised▾
Provider of health insurance designing services
- Oct 2020Series B$105M
- Oct 2019Conventional Debt$60M
- Jun 2018Series A$70M
- Jul 2017Seed$2.5M
#6
Series C · Eden Prairie, Minnesota · founded 2012 · 266 employees$86Mraised▾
Provider of customer engagement platforms for financial institutions. This platform unifies data, marketing, sales, and compliance solutions to support the entire customer journey. It offers tools to improve lead generation, conversion, onboarding, cross-selling, and retention. The platform helps financial institutions create personalized customer experiences and increase loyalty. Services include onboarding, professional services, and expert content partnerships. The technology integrates with other leading providers.
- Oct 2019Series C$52M
- Oct 2018Series B$20M
- Apr 2016Series A$3M
- 2015Seed$1.4M
#7
Acquired · Minneapolis, Minnesota · founded 2013 · 21 employees$26.7Mraised▾
Upsie is an App-based insurance platform for devices. All warranty pricing and coverage options are right there in the app. One can purchase coverage, start a claim or even scan a barcode while shopping to see what warranties are available for that item.
- May 2021Series A$18.2M
- Apr 2019Seed$5M
- Jan 2018Seed$2.1M
- 2017Seed—
#8
Acquired · Eagan, Minnesota · founded 2013 · 55 employees$18.5Mraised▾
ClickSWITCH is an account switching solution for financial institutions. Enables the users to do a bank account transfer or account switch through any financial institution. ClickSWITCH switches account holders recurring payments, direct deposits and electronic payments from their old accounts to new or existing accounts.
- Sep 2020Series B$2M
- May 2019Series B$13M
- Aug 2018Series A$3.5M
#9
Acquired · Minneapolis, Minnesota · founded 2000 · 419 employees$32.7Mraised▾
Insurance claims and revenue cycle management solutions insurance industry and healthcare. It provides financial clearance solutions to capture revenue and minimize the risk for both providers and payers. It also offers medicare claims, remittance, revenue cycle management, performance benchmarking, and analytics.
- Dec 2017Conventional Debt$545M
- Apr 2012Series B$27.7M
- 2011Series B—
- Jan 2007Series A$5M
#10
Acquired · Maplewood, Minnesota · founded 2019 · 12 employees$2Mraised▾
Cloud-based platform for employee financial benefits. The platform helps employees in building a financial legacy. It offers tools for personal achievement. The platform includes analytics, financial education materials, one-on-one financial coaching, and a discussion forum. Employers can use the platform to strategically drive engagement and track improving financial wellness, coaching hours, content engagement, and other metrics.
- Jul 2023Seed$2M
- Aug 2021Seed—
- Sep 2020Seed—
- 2020Seed$20K
#11
Acqui-Hired · Minneapolis, Minnesota · founded 2009 · 58 employees$12.5Mraised▾
Bloom health provides a platform for employee insurance management. It is a SaaS-based platform for employers to be used by employees to choose and manage their healthcare plan and expenses. The platform help employers determine how much to spend on health care, and help employees find the suitable health insurance plan and manage their expenses. The company also acts as a distribution and customer engagement platform for agents working with employers.
- Dec 2010Series B$7.5M
- Nov 2010Series B$7.5M
- Jan 2010Series A$5M
#12
Funding Raised · Saint Paul, Minnesota · founded 2004 · 335 employees$6.8Mraised▾
Sagitec offers software solutions for pension administration and unemployment insurance. The company delivers tailor-made pension, provident fund, unemployment insurance, and healthcare and life sciences software solutions to clients of different industries. Also offers services such as project management, training, change management, etc.
- Apr 2020Conventional Debt$6.8M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of InsurTech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Insurtech is moving in the United States
A read on the academic research around Insurtech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 22 United States-affiliated papers.
- New York Life Insurance Company2
- Film Independent2
- University of Management and Technology2
- AAA Foundation for Traffic Safety1
- Temple University1
- Conceptual model1
- Conceptual framework1
- Marketing1
- Knowledge management1
- Originality1
- Actuarial science2
- Telematics1
- Incentive1
- Poison control1
- Baseline (sea)1
- Position (finance)1
- Geopolitics1
- Insurance law1
- European union1
- Index (typography)1
Who's filing insurtech patents in the United States
United States insurtech patent filing is steady — 15 filings from 7 assignees (2018–2025), led by State FARM Mutual Automobile Ins, Grunfeld ERIC, Allstate Insurance; annual filings 1→1.
- State FARM Mutual Automobile Ins6
- Grunfeld ERIC5
- Allstate Insurance4
- Clover Health3
- Fiete Stephen2
- Cripe Frederick F2
- American Family Mutual Insurance1
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.