Best InsurTech Companies in Virginia, United States
The 37 best InsurTech companies in Virginia, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Compare.com.
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 Virginia
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Ascerta Software for insurance intermediaries | — | — | Deadpooled | — | Steve Co-Founder & CEO | — | — | — |
| 2 | Assured Enterprises Platform that provides cybersecurity assessment tools and consulting services | — | — | Funding Raised | — | Stephen Soble Chairman & CEO | — | 8 patents Predictive analytics and actuarial tools for long‑term care risk and pricing | — |
| 3 | Balance For Cyclists Web-based accident insurance for cyclists | — | — | Unfunded | — | Jay Paul Managing Director | — | — | — |
| 4 | Benefit Plan Administrators Online insurance health platform for employees | — | — | Unfunded | 59 | — | — | — | — |
| 5 | BitVoyant Enterprise risk, security assessment and posture intelligence and monitoring | — | — | Unfunded | — | Jared Novick ex-CEO | — | — | — |
| 6 | BoatUS App-based boat insurance solutions for individuals | — | — | Acquired | — | — | WagtailCart FunctionalityTurbopack+26 | — | — |
| 7 | buildonme BuildOnMe is a product company that harnesses the power of Artificial Intelligence to supercharge products… | — | — | Private | 6 | — | — | — | — |
| 8 | Chista Provider of health insurance solutions | — | — | Unfunded | — | Saeed Mehrabi Founder | — | — | — |
Top 12 InsurTech companies in Virginia
#1
Seed · Roanoke, Virginia · founded 2017$615.6Kraised▾
Developer of online platform for insurance firms to manage clientele. The platform enables insurance brokers, brokerage firms, enrollment firms, third party administrators, and reinsurers to handle aspects of managing and adding clientele. It automates workflow processes by assigning, tracking, completing, and verifying critical data and tasks. The platform handles paperwork, compliance, and client communication.
- Jan 2026Seed$615.6K
#2
Series A · Richmond, Virginia · founded 2018 · 105 employees$30.3Mraised▾
Online lifestyle benefits marketplace for enterprises. The platform offers employees select benefits such as employee points, and services. The benefits offered to the employees include benefits, gift card replacement, bonuses, milestones, anniversaries, and more.
- Sep 2024Series A$6M
- Nov 2022Series A$17M
- Feb 2021Seed$2.6M
- Feb 2020Seed$4M
#3
Series A · Richmond, Virginia · founded 2011 · 31 employees$8Mraised▾
Insurance gateway solutions for the insurance industry. It enables users to offer and manage insurance. It offers an insurance gateway for booking engines, fintech, insurance tech, e-commerce, and brokers. It also configures, transacts, and manages insurance products.
- Feb 2024Series A$7.2M
- Nov 2019Series A—
#4
Acquired · Glen Allen, Virginia · founded 2013 · 19 employees$185Mraised▾
Compare.com provides an online insurance comparison platform for individuals. Consumers can get rate estimates, compare car insurance & choose the preferred one. It also provides expert recommendations & guides on auto insurance.
- Nov 2018Series B$35M
#5
Seed · Richmond, Virginia · founded 2016 · 14 employees$4.5Mraised▾
Life and non-life data monitoring solutions for the insurance industry. Its product includes LicenseSnap for capturing client information, Pre-Fill API for fetching applicant data and pre-fills client information, and Predictive Scores for customer engagement. It offers an AI-based solution to engage customers based on data quality, financial predictors, customer performance metrics, and fraud indicators. It also offers solutions for insurance underwriting, quoting, risk management, and more.
- Jan 2023Seed—
- Apr 2021Seed$2.7M
- Feb 2021Seed$50K
- Sep 2019Seed$1.7M
#6
Series B · Sterling, Virginia · founded 2009 · 66 employees$35Mraised▾
hCentive offers a SaaS solution that helps payers, states, and the federal government set up exchanges and online sales portals through their WebInsure suite of products. hCentive is an exchange solution that helps distribute and manage health insurance and ancillary benefits among consumers and businesses. The company provides online benefits shopping and enrollment experience to consumers, employees, and healthcare providers. The platform has tools for benefits management and insurance claims for the useres.
- Apr 2014Series B$35M
#7
Series A · Alexandria, Virginia · founded 2001 · 28 employees$16Mraised▾
Trusted Choice provides a platform for the users to find independent local insurance agents. It supports various insurance plans such as car insurance, homeowners insurance, life insurance, renters insurance, business insurance, workers compensation insurance etc.
- Apr 2014Series A$10M
- Jul 2013Series A$6M
- Aug 2012Series A$6.6M
#8
Acquired · Glen Allen, Virginia · founded 2010 · 13 employees$8.7Mraised▾
Online usage-based auto insurance provider. It provides telematics technology & statistical analysis of driving data. Their relationships with manufacturers allow them to measure highly predictive variables and provide tracking and driver feedback at industry-leading low cost to facilitate usage-based insurance.
- Aug 2013Series A$3.2M
- Dec 2011Series A$1.8M
- Sep 2011Seed$1.1M
- Jun 2011Seed$2.5M
#9
Acquired · Reston, Virginia · founded 2015 · 5 employees$3.3Mraised▾
Xagent is an online solution for quoting and binding property and casualty insurance.It provides single-entry market access to a variety of standard and surplus lines carriers, which allows insurance agents to submit and bind insurance with multiple carriers using Universal Submission APP.
- Aug 2018Seed$1.2M
- Mar 2018Seed$2.1M
#10
Funding Raised · Alexandria, Virginia · founded 2016 · 5 employees$450Kraised▾
Provider of risk management solutions for insurance service providers. It offers proprietary software tools that integrate the measures of risk arising from individual assets with measures of intrinsic cross-system propensity to cascade failures. Features include threat analytics, stress testing, and event fragility.
- Aug 2022Conventional Debt$450K
#11
Seed · Richmond, Virginia · founded 2016$663Kraised▾
Merlinio Technologies is an insurance platform that lets user compare and buy auto insurance. As of Sept 2016, it is in beta mode.
- Jan 2019Seed$663K
#12
Seed · Virginia Beach, Virginia · founded 2013$655.8Kraised▾
On-demand auto insurance marketplace offering quick, cheap quotes for diverse customers. It is an online platform where consumers shop, compare rates, and purchase auto insurance. It specializes in offering insurance carriers for people with various income levels, credit scores, and driving histories. It provides a white-label insurance solution for auto lenders, insurance monitoring companies, automotive dealerships, automotive research sites, vehicle service contract marketers, and websites selling vehicles. The platform helps customers save money on auto insurance, potentially increasing their spending on partner sites and generating revenue through the insurance marketplace. This is a B2B and B2C platform.
- Oct 2015Seed$655.8K
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.