What is Foresight?
Foresight is a purpose-driven insurance company that distinguishes itself through a combination of award-winning safety technology, data-informed underwriting, and a comprehensive approach to risk consulting. Their core mission is to enhance worker safety, aiming to ensure more employees return home safely at the end of their shifts. This holistic strategy positions Foresight as a forward-thinking entity within the insurance sector, leveraging technology and data to redefine risk management.
How much funding has Foresight raised?
Foresight has raised a total of $57.1M across 3 funding rounds:
Angel/Seed
$3.1M
Series A
$15M
Series B
$39M
Angel/Seed (2017): $3.1M, investors not publicly disclosed
Series A (2020): $15M led by Blackhorn Ventures and Transverse Insurance Group LLC
Series B (2022): $39M supported by OMERS Ventures, Digital Garage Ventures, George Kaiser Family Foundation, Brick & Mortar Ventures, and Builders VC
Key Investors in Foresight
OMERS Ventures
OMERS Ventures is an investment group that offers pension plans for employees through various businesses, likely focusing on companies with strong growth potential.
Brick & Mortar Ventures
Brick and Mortar Ventures is dedicated to investing in companies that develop innovative software and hardware solutions for the architecture, engineering, and construction industries, aiming to disrupt the built world.
Builders VC
Builders VC is a venture capital firm focused on modernizing antiquated industries by investing in innovative technologies and solutions, particularly within sectors like construction.
What's next for Foresight?
The recent major strategic investment signals a new phase of growth and development for Foresight. With substantial backing, the company is poised to further innovate its safety tech, expand its data-informed underwriting capabilities, and broaden its risk consulting services. This capital will likely fuel strategic partnerships and technological advancements, solidifying Foresight's commitment to improving worker safety and operational efficiency for its clients in the enterprise sector.
See full Foresight company page
