Startup profile for Chestnut: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Chestnut funding, valuation and investors

AI-native distribution management platform for insurance carriers — producer onboarding, hierarchies, and incentive compensation.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Seed

Undisclosed · 2022

Latest known valuation

Not publicly disclosed

Total disclosed equity funding

Not publicly disclosed

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

seed · Seattle, Washington

Investors in latest funding

Lead: Andreessen Horowitz

Source links not recorded Last verified: 2026-07-25

Overview

Chestnut (Premium Labs Inc.) provides cloud software for insurance distribution management: producer lifecycle, hierarchy management, commissions, and incentive compensation with modular integrations.

Why Chestnut is interesting

Chestnut replaces decades-old producer comp systems with an API-first, insurance-native data model — a wedge into carrier back-office modernization backed by a16z.

Product & use cases

Insurance distribution management — producer onboarding, hierarchy management, commissions, and incentive compensation for carriers.

  • Producer lifecycle management for insurance carriers
  • Commission and incentive compensation automation
  • Distribution hierarchy management via API-first platform

Key facts

  • Seed round backed by Andreessen Horowitz (Chestnut site / LinkedIn, 2022)
  • Product: Producer Performance Management (PPM) — onboarding, hierarchy, commissions for insurance carriers (chestnutfi.com)
  • Co-investors: no additional institutional investors disclosed in public sources reviewed 2026-07-24

Funding history (newest first)

Seed

2022 Undisclosed

Investors in our directory

Funds linked from Chestnut's profile — open a fund page for stage focus and related deal articles.

andreessen-horowitz

Competitive landscape

Edge: Chestnut replaces decades-old producer comp systems with an API-first, insurance-native data model — a wedge into carrier back-office modernization backed by a16z.

Chestnut operates in enterprise-saas, fintech. Chestnut replaces decades-old producer comp systems with an API-first, insurance-native data model — a wedge into carrier back-office modernization backed by a16z.

  • Vertafore incumbent

    Legacy insurance agency management systems.

  • Applied Epic incumbent

    Agency management incumbent.

  • Salesforce Insurance Cloud adjacent

    Generic CRM adapted for insurance.

Notable stories

  • a16z-backed seed for insurance-native distribution management.
  • Replaces decades-old producer comp systems.

Industries

enterprise-saas fintech

Market / IPO context

Editorial / static context — not a live quote.

Related funding articles

Venture Capital Tracker pieces that cover Chestnut's financing or category context.

FAQs about Chestnut

Practical answers founders, operators, and investors typically search for.

Chestnut builds distribution management software for insurance carriers — covering producer onboarding, hierarchy management, commissions, and incentive compensation.
Andreessen Horowitz (/fund/andreessen-horowitz) is Chestnut's disclosed institutional backer.
Chestnut raised a seed round in 2022; later round details are not publicly disclosed.
Carriers still run producer comp on legacy systems — Chestnut offers an API-first alternative aimed at turning distribution into a measurable growth lever.
No — Chestnut remains a private insurtech software company.
Seattle, Washington
2022
Chestnut has not publicly disclosed profitability.
See fundraising rounds and highlights on this profile for disclosed amounts.
enterprise-saas, fintech
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By Venture Capital Tracker

Last updated:

Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.