Kalepa raises $75M in Series B funding led by Updata Partners, valuing the insurance AI startup at $470M five years after its Series A.
Amount Raised
$75 Million
Round Type
Series B
New YorkSoftwareArtificial IntelligenceAnalyticsInsuranceInvestors
Description
Kalepa, based in New York, has raised $75 million in a Series B round, led by Updata Partners, to further enhance its AI-driven insurance platform. The company has been cash flow positive for over two years and operates in over 10 countries. This funding comes as AI-focused companies dominate insurtech funding in Q2 2026. The round showcases the growing confidence in AI technologies in the insurance sector.
Quick answer
Kalepa raised $75 Million in a Series B round, dated November 5, 2026. Investors: Penny Pritzker, Henry Ward, Jacqueline Reses, Gokul Rajaram and Updata Partners. Kalepa is based in New York, New York, United States.
- How much did Kalepa raise?
- Kalepa raised $75 Million in a Series B round on November 5, 2026.
- Who invested in Kalepa?
- Penny Pritzker, Henry Ward, Jacqueline Reses, Gokul Rajaram and Updata Partners are named as investors in this round.
- What does Kalepa do?
- Kalepa drives profitable premium growth for the commercial insurance industry.
- Where is Kalepa based and how big is it?
- Kalepa is based in New York, New York, United States. Fundz records about 46 employees.
- Who are the decision-makers at Kalepa?
- Fundz holds 5 contacts at Kalepa, including the Director of Sales. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Analytics and Insurance around the same time
Companies in the same sectors as Kalepa that raised within 45 days of this round, from Fundz verified event records.
- SecondSight raised an undisclosed amount (Series A) on October 7, 2026.
- mistEO raised $1.9M (Seed) on November 12, 2026.
- Kindo raised $30M on November 12, 2026.
- Edelbyte raised $45M (Series A) on November 11, 2026.
- Ancep raised $8.5M on November 10, 2026.
- Scalestack raised an undisclosed amount on November 10, 2026.
Who to call at Kalepa, and when
A new round usually means Kalepa is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Kalepa raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Kalepa, from your own LinkedIn network
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Funding Insights
What this usually meansKalepa raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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