Five years after its Series A, insurance AI startup Kalepa raises $75M at $470M valuation — TFN
Summary
Kalepa raised $75 million in a Series B round led by Updata Partners at a $470 million valuation. The insurance AI startup says it has been cash flow positive for more than two years and has now raised $91 million in total. Its software supports underwriting, pricing, and portfolio decisions for insurers, MGAs, reinsurers, and program administrators across more than 10 countries. The company plans to expand its AI product set, enter new markets, and grow its team by 2027.
Funding
Amount
$75.0M
Total raised
Date
November 5, 2026
Announcement date
Investors
IA Ventures, Updata Capital
Lead investors
Company
kalepa.com
Funded company
AskAI Classifications
Sectors
InsurTech
General Insurance Software
Functions
Developer and IT Infrastructure
Workflow Orchestration
Linked Companies
Kalepa
$1M to $5M