When was Walnut Insurance founded?

Walnut Insurance was founded in 2017 and raised its 1st funding round 5 years after it was founded.

Where is Walnut Insurance located?

Walnut Insurance is headquartered in Toronto, Canada.

How many employees does Walnut Insurance have?

As of Aug 31, 2026, the latest employee count at Walnut Insurance is 31.

Is Walnut Insurance a funded company?

Walnut Insurance is a funded company, having raised a total of $8.6M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 14, 2022.

When was the latest funding round of Walnut Insurance?

Walnut Insurance's latest funding was a $***** Seed round on Aug 08, 2024, with participation from 5 investors. Its primary sector is Insurance IT. In Canada, the Insurance IT sector has seen $32.8M in funding in 2026 to date.

Where does Walnut Insurance rank among its competitors?

Walnut Insurance ranks 26th amongst 131 active competitors, of which 41 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Cover Genius, which secured $111M in Jun, 2026.

Who are the top competitors of Walnut Insurance?

Walnut Insurance's top competitors include Bolttech, Akur8 Technologies and Zopper. Among them, Cover Genius secured the most recent funding round in June, 2026.

Walnut Insurance - 2026 Company Profile, Funding & Competitors

Walnut Insurance is a seed company based in Toronto (Canada), founded in 2017. It operates as an Insurance product launch solution for businesses. Walnut Insurance has raised $8.6M in funding from National Bank of Canada. The company has 131 active competitors, including 41 funded and 3 that have exited. Its top competitors include companies like Bolttech, Akur8 Technologies and Zopper.

Company Details

Insurance product launch solution for businesses. Provides no-code integration options for development of insurance products, access to the widest variety of embedded products, in-platform branded insurance program, and more.

Key Metrics

Founded Year

2017

Location

Toronto, Canada

Stage

Seed

Total Funding

$8.6M in 2 rounds

Latest Funding Round

Seed, Aug 08, 2024, $*****

Investors

National Bank of Canada & 7 more

Ranked

26^th among 131 active competitors

Employee Count

31 as on Aug 31, 2026

Similar Companies

Zopper & 71 more

View Walnut Insurance's full profile

Walnut Insurance has raised a total funding of $8.6M over 2 rounds. Its first funding round was on Dec 14, 2022. Its latest funding round was a Seed round on Aug 08, 2024 for $*****. 5 investors participated in its latest round. Walnut Insurance has 8 institutional investors.

Here is the list of recent funding rounds of Walnut Insurance:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 08, 2024	3803642	Seed	4232573	8444402	8187102	2223821
Dec 14, 2022	4701346	Seed	6863866	9429648	National Bank of Canada	ATB Financial & 3 more

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View details of Walnut Insurance's funding rounds and investors

Walnut Insurance's employee count trend

Walnut Insurance has 31 employees as of Aug 26. Here is Walnut Insurance's employee count trend over the years:

Employee count trend for Walnut Insurance

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Top competitors of Walnut Insurance include Bolttech, Akur8 Technologies and Zopper. Here is the list of Top 10 competitors of Walnut Insurance, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bolttech 2020, Singapore (Singapore), Series C	Provider of digital infrastructure for embedding insurance into customer journeys	$640M	Activant Capital, Dragon Funds & 22 others	73/100
2nd	Akur8 Technologies 2018, Paris (France), Series C	Provider of pricing and reserving platform for the insurance industry	$180M	FinTLV, Kamet & 8 others	68/100
3rd	Zopper 2011, Noida (India), Acquired	Provider of API-enabled insurance distribution and management solutions	$125M	Tiger Global Management, Elevation Capital ... & 26 others	67/100
4th	Bharatsure 2021, Mumbai (India), Seed	Provider of technology and infrastructure for employee benefits and embedded insurance	$3.25M	Inflection Point Ventures, We Founder Circle ... & 150 others	66/100
5th	Cover Genius 2014, New York City (United States), Series F	Provider of a software suite for the insurance industry	$355M	King River, Spark Capital & 13 others	65/100
6th	Qover 2016, Brussels (Belgium), Series C	Software suite for the insurance industry	$100M	Anthemis Group, Alven & 12 others	63/100
7th	Sure 2013, San Diego (United States), Series C	Insurance as a service platform for insurance carriers and other businesses	$123M	Kinnevik, IA Capital Group & 25 others	62/100
8th	Open 2016, Sydney (Australia), Series B	AI-based software suite for the insurance industry	$53M	AirTree, Movac & 5 others	60/100
9th	Boost 2017, New York City (United States), Series B	Provider of infrastructure for digital insurance programs, MGAs, and embedded insurance	$37M	RRE Ventures, Norwest & 14 others	60/100
10th	Shepherd 2020, San Francisco (United States), Series B	Insurance software suite for businesses	$67M	Spark Capital, Susa Ventures & 9 others	59/100
26th	Walnut Insurance 2017, Toronto (Canada), Seed	Insurance product launch solution for businesses	$8.6M	National Bank of Canada, ATB Financial & 6 others	41/100