When was Summit founded?

Summit was founded in 2022 and raised its 1st funding round 2 years after it was founded.

Where is Summit located?

Summit is headquartered in Kelowna, Canada.

How many employees does Summit have?

As of Sep 30, 2026, the latest employee count at Summit is 54.

Is Summit a funded company?

Summit is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Apr 04, 2024.

When was the latest funding round of Summit?

Summit's latest funding was a $***** Seed round on Apr 04, 2024, with participation from 2 investors.

Where does Summit rank among its competitors?

Summit ranks 26th amongst 252 active competitors, of which 9 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Indigo, which secured $50M in Jan, 2026.

Who are the top competitors of Summit?

Summit's top competitors include Feather, Indigo and Newtek. Among them, Indigo secured the most recent funding round in January, 2026.

Summit - 2026 Company Profile, Team, Funding & Competitors

Company Details

Summit provides custom insurance solutions specializing in Commercial Insurance, Liability, Business, Tech & Cyber Insurance in Canada. They offer a range of insurance options tailored to individual needs.

Website: www.summitcover.ca/
Social
Email ID: *****@summitcover.ca
Phone Number: +1 **********

Key Metrics

Founded Year

2022

Location

Kelowna, Canada

Stage

Seed

Total Funding

$3.5M in 1 round

Latest Funding Round

Seed, Apr 04, 2024, $*****

Investors

IA Capital Group & 1 more

Ranked

26^th among 252 active competitors

Employee Count

54 as on Sep 30, 2026

Similar Companies

Feather & 256 more

View Summit's full profile

Summit has raised a total funding of $3.5M over 1 round. Its latest funding round was a Seed round on Apr 04, 2024 for $*****. 2 investors participated in its latest round. Summit has 2 institutional investors.

Here is the list of recent funding rounds of Summit:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 04, 2024	2691541	Seed	3069612	6101938	7631070	8575041

Access funding benchmarks and valuations. Sign up today!

View details of Summit's funding rounds and investors

The founders of Summit are Josh Pillsbury and Davis Gilbert.

Here are the details of Summit's key team members:

Josh Pillsbury: Co-Founder of Summit.
Davis Gilbert: Co-Founder of Summit.

View details of Summit's Founder profiles and Board Members

Summit's employee count trend

Summit has 54 employees as of Sep 26. Here is Summit's employee count trend over the years:

Uncover Summit's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Summit include Feather, Indigo and Newtek. Here is the list of Top 10 competitors of Summit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Feather 2018, Berlin (Germany), Series A	Online platform for life and non-life insurances	$10.6M	Keen Venture Partners, Allianz & 9 others	60/100
2nd	Indigo 2023, Nashville (United States), Series B	Provider of medical professional liability insurance with rigorous defense and competitive rates	$50M	Rubicon Founders, Oak HC/FT & 2 others	54/100
3rd	Newtek 1998, New Hyde Park (United States), Public	Provider of business loans, payment, payroll and insurance services	-	Webster Financial Corporation, Goldman Sachs Investment Partners ... & 3 others	53/100
4th	Alkeme Insurance 2018, Ladera Ranch (United States), Seed	Insurance brokerage firm	-	Apollo S3, GCP Capital Partners	45/100
5th	Euclid Transactional 2016, New York City (United States), Acquired	Liability insurance broker	-	Searchlight Capital	44/100
6th	Allianz Indonesia, Unfunded	Provider of individual, group, and microinsurance products	-	-	43/100
7th	First Indemnity 1989, Lynn (United States), Unfunded	Professional liability insurance solutions for law, accounting, and small businesses	-	-	42/100
8th	District Cover 2022, Nashville (United States), Seed	Offers insurance solutions tailored to city-based businesses	-	Mosaic General Partnership, Impact America Fund ... & 7 others	41/100
9th	McGowan Companies 2009, Cleveland (United States), Unfunded	Provider of insurance brokerage and alternative risk solutions	-	-	41/100
10th	Accident Fund 1912, Chicago (United States), Unfunded	Provider of independent agency for workers compensation insurances	-	-	38/100
26th	Summit 2022, Kelowna (Canada), Seed	Provider of commercial and business insurance solutions	$3.5M	IA Capital Group, Harvest Venture Partners	28/100