# Kalepa

> AI underwriting workbench for property-and-casualty insurers and managing general agents, connecting submission intake, risk evaluation, pricing and policy binding.

## Why it is interesting

Announced $75M Series B on November 5, 2026, led by Updata Partners at a company-reported $470M valuation. Total disclosed capital $91M; precise pre/post-money valuation basis not specified in the release. Distinctive customer question: whether agent-supported triage actually improves loss ratios rather than just underwriting speed.

## Profile

- **Latest funding:** Series B — $75M (November 5, 2026)
- **Latest known valuation:** $470M (basis not specified) (November 5, 2026)
- **Total disclosed equity funding:** $89M
- **Stage:** series-b
- **Status:** private
- **Industries:** N/A
- **Coverage:** full
- **Last updated:** 2026-11-07T00:00:00.000Z
- **Latest funding investors:** Updata Partners (Fund VIII), IA Ventures, Inspired Capital

## Key facts

- November 5, 2026: $75M Series B led by Updata Partners; company-reported $470M valuation (pre/post-money status undisclosed); $91M cumulative funding.
- 2021 Series A $14M led by Inspired Capital, with IA Ventures; Kalepa reports about $2M additional historical capital beyond these two named rounds (not reconstructed as a fictitious round).
- Customers named by Kalepa include W.R. Berkley, Bowhead Specialty and AmRisc; implementation case studies are vendor-selected.
- Kalepa claims 30–60% more premium per underwriter, 58% faster quotes and 960 basis-point combined-ratio improvement for reported users. These are selected, non-audited customer figures; 960bp means 9.6 percentage points, not 960%.

## Funding history

- Series B · $75M · November 5, 2026
  Source: https://kalepa.com/news-posts/kalepa-raises-75-million-series-b
- Series A (public reporting; manager release September 8) · $14M · September 3, 2021
  Source: https://www.prweb.com/releases/kalepa-the-commercial-insuretech-leader-raises-14mm-from-inspired-capital-to-scale-its-ai-powered-underwriting-platform-804034474.html

## Investors in our directory

- https://venturecapitaltracker.com/fund/inspired-capital

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** November 7, 2026

**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.

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Source: https://venturecapitaltracker.com/startup/kalepa