What is Foxquilt?
Founded in 2016, Foxquilt operates at the intersection of insurance and advanced data analytics. The company provides a sophisticated Insurance-as-a-Service platform designed to streamline the procurement and management of insurance products for small businesses. By integrating machine learning into its underwriting processes, Foxquilt offers a more precise and efficient risk assessment model compared to traditional incumbents. This technological edge allows the firm to deliver tailored coverage solutions, effectively addressing the unique needs of B2B ecosystems while reducing operational friction for its partners.
How much funding has Foxquilt raised?
Foxquilt has raised a total of $23.5M across 3 funding rounds:
Angel/Seed
$3.5M
Series A
$8M
Series B
$12M
Angel/Seed (2020): $3.5M, investors not publicly disclosed
Series A (2021): $8M led by Goldman Sachs, Nationwide, Barclays, Lloyds Banking Group, Molten, 83North, and Mastercard
Series B (2023): $12M supported by ICM
Key Investors in Foxquilt
Goldman Sachs
Goldman Sachs is a leading global investment banking and management firm that provides comprehensive financial services, including strategic advisory and capital market support to institutional clients.
83North
83North is a global venture capital firm managing over $2.2 billion, dedicated to supporting exceptional entrepreneurs in building category-leading companies across various technology sectors.
Mastercard
Mastercard is a global technology company in the payments industry that provides secure, efficient payment solutions and value-added services to financial institutions and businesses worldwide.
What's next for Foxquilt?
With the recent influx of capital, Foxquilt is well-positioned to accelerate its market penetration and enhance its technological capabilities. The strategic focus will likely center on scaling its machine learning infrastructure to handle increased transaction volumes and expanding its footprint within the global B2B insurance landscape. As the firm matures, the emphasis will shift toward deepening its integration with existing financial networks and exploring new product verticals that leverage its data-driven underwriting expertise. This phase of development is critical for cementing its status as a category-leading insurtech provider.
See full Foxquilt company page
