InsurTech Indigo raises $50m in Series B funding round

Indigo has secured 50 million dollars in an oversubscribed Series B funding round. The vertically integrated AI-driven medical professional liability platform will use the proceeds to scale its technology across the United States. Rubicon Founders led the round as an existing investor. Town Hall Ventures participated significantly as a new investor. Existing strategic investors including Optum Ventures also contributed to the round. Indigo was founded in 2023. The company provides medical professional liability insurance to physicians across a broad range of specialties. It has positioned itself as a vertically integrated insurer that combines underwriting, distribution and risk assessment within a single platform. Indigo's proprietary AI platform, Lux, applies advanced machine learning and purpose-built risk models to automate underwriting workflows. Chief Executive Officer Jared Kaplan said the funding allows the company to expand its technology footprint, deepen underwriting rigor and deliver an exceptional ease-of-doing-business experience for brokers while ensuring physicians receive pricing and coverage aligned with their true risk profile. Rubicon Founders co-founder and partner Matt Kim said Indigo is executing at the intersection of deep domain expertise and AI excellence. The company has seen its models improve both the speed and quality of underwriting decisions. Town Hall Ventures co-founder and general partner David Whelan said Indigo has layered machine learning over deep insurance expertise. The company has built a superior underwriting product that creates a meaningful advantage through lower administrative overhead.