About ReThought Insurance
ReThought Insurance is a Financial Services company based in Broomfield (United States) founded in 2017 by Nicholas Lamparelli and Cory Isaacson. Commercial flood insurance options are compared via an online platform. ReThought Insurance has raised $27.86 million across 3 funding rounds from investors including IA Capital Group, Telstra Ventures and Hudson Structured Capital Management. Its chief executive, as recorded, is Cory Isaacson. ReThought Insurance offers products and services including Commercial Flood Insurance, Residential Flood Insurance, and Specialty Flood Insurance. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and P&C. Its legal entity is RETHOUGHT INSURANCE CORPORATION. Its competitors include Floodbase, MassiveCert and My Flood Insurance; 1 of its 3 listed competitors has raised funding.
Company details
ReThought Insurance was founded in 2017 in Broomfield, United States, within the insurance sector. An online platform is operated for comparing commercial flood insurance policies. Protection against natural calamity risks is provided, along with risk control resources. Insurance claim consulting solutions are offered to users, and underwriting solutions are available to support policy issuance and management.
- Headquarters Broomfield, United States
- Founders Nicholas Lamparelli, Cory Isaacson
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website rethoughtinsurance.com
- Social LinkedIn X Instagram
- Legal Name Rethought Insurance Corporation
- Total Equity Funding$27.86M (USD)
in 3 rounds
- Latest Funding Round$10.5M (USD), Series B
Jan 2023
- InvestorsIA Capital Group
& 6 more
Products & Services of ReThought Insurance
ReThought Insurance offers a comprehensive portfolio of products and services, including Commercial Flood Insurance, Residential Flood Insurance, and Specialty Flood Insurance.
Flood coverage for business properties with risk-based pricing.
Flood protection for homes and belongings via tailored policies.
Coverage for hard-to-place risks like unique properties.
Funding Insights of ReThought Insurance
ReThought Insurance has successfully raised a total of $27.86M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10.5 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $27.86M
- Total Rounds 3
- Last Round Series B — $10.5M
- First Round $1.86M
(Aug 2018)
- Investors Count 7
All 3 funding rounds of ReThought Insurance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2023 | $10.5M | Series B | – | IA Capital Group | |
| Jul 2021 | $15.5M | Series A | – | Telstra Ventures, Hudson Structured | |
| Aug 2018 | $1.86M | Seed | – | – | – |
7 investors in total: 7 institutional.
Investors in ReThought Insurance
ReThought Insurance has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include IA Capital Group, Telstra Ventures and Hudson Structured Capital Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on tech startups | iacapgroup.com | New York, United States | ||
Venture capital firm backed by Telstra | telstraventures.com | San Francisco, United States | ||
Venture capital firm focused on multiple sectors | arcternventures.com | Toronto, Canada | ||
Investments in tech startups are managed by Streamlined Ventures. | streamlined.vc | Palo Alto, United States | ||
| manchesterstory.com | ||||
Early-stage venture capital firm investing in AI, healthcare, and tech sectors. | menlovc.com | |||
Hudson Structured Capital Management is engaged in investment across insurance and transportation sectors. | 2009 | hudsonstructured.com | Stamford, United States |
Investor details for ReThought Insurance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of ReThought Insurance
9 people are tracked at ReThought Insurance (8 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Nicholas Lamparelli | Co-Founder | Leadership |
Cory Isaacson | Co-Founder & CEO | Leadership |
Derek Lynch | Chief Underwriting Officer | Leadership |
Catherine Myers | Chief Operating Officer | Leadership |
James Rice | Co-Founder & President, reThought Specialty Brokerage | Leadership |
Sean O'Neill | Director Of Programs | Leadership |
Edward Haas | Director Risk & Loss Control | Leadership |
Derek Lynch, CPCU, ARM, AIS, CBIA | Chief Underwriting Officer | Leadership |
Melissa Lynch | Senior Commercial Flood Underwriter | Team |
Complete people profiles for ReThought Insurance
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Timeline of ReThought Insurance
3 dated milestones of ReThought Insurance across 6 years, from founding to its latest funding, stage changes and deals.
- Founded ReThought Insurance is founded.
- Funding First funding round of $1.9M.
- Funding Latest funding round, Series B, of $10.5M.
Competitors of ReThought Insurance
ReThought Insurance has 3 listed competitors in our database, 1 of them funded. They include Floodbase, MassiveCert and My Flood Insurance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| floodbase.com | 2015 | New York, United States | $17M | Parametric flood insurance solutions are offered using advanced mapping technology. | ||
| massivecert.com | 2014 | St. Petersburg, United States | Provider of flood zone determinations, elevation certificates, and FEMA map amendments | |||
| myfloodinsurance.com | 2018 | Melbourne, United States | Operates an online platform for comparing flood insurance options for individuals. |
Detailed competitors of ReThought Insurance
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Top companies in Insurance Providers
3 companies that operate in the same segment as ReThought Insurance (Insurance Providers) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | 549 | ||
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 |
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Related news about Rethought Insurance
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Frequently Asked Questions about ReThought Insurance
ReThought Insurance was founded in 2017 and raised its 1st funding round 1 year after it was founded.
ReThought Insurance is headquartered in Broomfield, United States. It is registered at Broomfield, Colorado, United States.
Cory Isaacson is the CEO of ReThought Insurance, as recorded in our data. They have also founded this company.
ReThought Insurance is a funded company, having raised a total of $27.86M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.86M, raised on Aug 2018.
ReThought Insurance was founded in 2017 in Broomfield, United States, within the insurance sector. An online platform is operated for comparing commercial flood insurance policies. Protection against natural calamity risks is provided, along with risk control resources. Insurance claim consulting solutions are offered to users, and underwriting solutions are available to support policy issuance and management.
ReThought Insurance's top competitors include Floodbase, MassiveCert and My Flood Insurance.
ReThought Insurance offers Commercial Flood Insurance, Residential Flood Insurance, and Specialty Flood Insurance.
ReThought Insurance has 7 investors. Key investors include IA Capital Group, Telstra Ventures, Hudson Structured Capital Management, ArcTern Ventures, and Streamlined Ventures.
ReThought Insurance operates through Rethought Insurance Corporation.