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1Fort Grabs $7.5M Financing Round

2025-04-17
NEW YORK, NY, 1Fort, the AI platform for business insurance, today announced it has raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures.
The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder of Ramp; and participation from all existing VCs: Village Global, Operator Partners, 8-Bit Capital, Character VC and Company Ventures. This latest round brings the 1Fort total funding to $10 million.

1Fort is a leading VC-backed insurtech leveraging cutting-edge AI technology to automate business insurance for brokers. Hundreds of leading independent insurance brokers use 1Fort to save time and earn more on placing business insurance. With a dedicated team and strong backing, 1Fort is on a mission to build the AI platform for the future of business insurance.
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