Outmarket AI has secured €17m ($20m) in a Series A funding round led by Permanent Capital Ventures, with additional backing from SignalFire, Fika Ventures, TTV Capital and Dash Fund.
The round also drew investment from independent agency networks, agency owners and industry executives.
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The latest funding brings the AI-powered insurtech company’s total capital raised to €21.7m.
The proceeds will be used to expand its platform and add AI-based workflows for commercial, benefits, personal lines and specialty insurance.
The company’s software connects with agency management systems and organises brokerage data for use in operational processes. Its current functions include policy checking and loss run analysis.
The system handles millions of quotes, policies, applications and loss run documents, with cumulative time savings for clients equivalent to more than a decade of manual work each month.
Customers have reported reductions of up to 65% in errors and omissions through AI-supported policy comparison and gap detection, the company said.
It added that some brokerages have also recorded stronger win rates and more cross-sell revenue.
In March last year, Outmarket AI garnered $4.7m in seed investment, marking its official launch.
Earlier this year, Outmarket appointed Alpesh Patel as chief revenue officer.
He previously held senior sales roles at Salesforce and DocuSign, including work on insurance sector deals.
Outmarket AI’s platform includes workflows for commercial lines, benefits and personal lines, along with integrations for agency management systems such as Applied Epic, AMS360, HawkSoft and Nexsure.
In December 2025, Outmarket introduced its Proposal Builder tool. The company’s 2026 product plan includes an expansion intended to more than double the functions available to users.
Outmarket AI CEO and co-founder Vishal Sankhla said: “Insurance is a $6tn industry that still runs on manual processes, institutional knowledge and disconnected tools. We are not building another point solution. We are building the platform that brings it all together.
“What we have shipped so far is just the beginning. The workflows we are developing next will fundamentally change what is possible for a brokerage. We chose Permanent Capital Ventures to lead this round because they are operators who understand what it takes to build a category-defining company, and that is exactly what we intend to do.”
