Key Takeaways
- • Slingshot Insurance, an AI-native embedded insurance startup based in Minneapolis, is emerging from stealth with $27 million in seed funding.
- • Rally Ventures and Skyward Group co-led the seed round, with participation from insurance industry veterans.
- • Insurance veteran Jim Hays will join Slingshot's board of directors.
- • Rally Ventures is also a Slingshot co-founder and has co-founded roughly eight portfolio companies that have either launched or remain in stealth.
Summary
Slingshot Insurance, an AI-native embedded insurance startup headquartered in Minneapolis, has emerged from stealth with $27 million in seed funding. The company's launch was announced in a press release dated in the Minneapolis dateline.
Rally Ventures and Skyward Group co-led the round. Rally is also a co-founder of the startup, which the announcement describes as part of the firm's broader approach to company building. According to the announcement, Rally has co-founded roughly eight portfolio companies that have either launched or remain in stealth.
The round also included participation from insurance industry veterans, including Jim Hays, who will join Slingshot's board. The announcement does not disclose a valuation, product launch timing, or a detailed breakdown of how the proceeds will be deployed.
Rally Ventures and Skyward Group co-led the round. Rally is also a co-founder of the startup, which the announcement describes as part of the firm's broader approach to company building. According to the announcement, Rally has co-founded roughly eight portfolio companies that have either launched or remain in stealth.
The round also included participation from insurance industry veterans, including Jim Hays, who will join Slingshot's board. The announcement does not disclose a valuation, product launch timing, or a detailed breakdown of how the proceeds will be deployed.
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