Startup profile · funding coverage
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 snapshotLatest 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
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 UndisclosedInvestors in our directory
Funds linked from Chestnut's profile — open a fund page for stage focus and related deal articles.
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.
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Vertafore incumbent
Legacy insurance agency management systems.
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Applied Epic incumbent
Agency management incumbent.
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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
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.
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