Insurtech Startups That Raised Funding in Canada

DataBraid

Location: Toronto, Canada

Website: databraid.io

Funding: secures $1.9 m

Date: 17 days ago

DataBraid is a Toronto-based insurtech startup offering a unified platform that consolidates multiple insurance carrier portals, streamlining rate comparisons, application submissions, and claims processing to reduce operational inefficiencies and improve broker margins.

General Magic

Location: Toronto, Canada

Funding: secures $7.2 m

Date: 122 days ago

General Magic is a Toronto-based insurtech startup that develops AI-powered text messaging agents to automate and streamline customer interactions for insurance carriers, reducing hold times and bridging legacy data systems with modern intelligence.

General Magic

Location: Toronto, Canada

Funding: Raises Oversubscribed US$7.2M

Date: 122 days ago

General Magic is a Toronto-based insurtech startup that uses AI agents to automate customer interactions across pre-quote, post-quote, and claims workflows, reducing insurance quote times to three minutes and saving broker teams hundreds of hours monthly.