# Bold Penguin funding: rounds and investors

> Bold Penguin has raised $32M across 1 round since 2019. Investors include Lightstone Ventures, Hudson Structured Capital Management and Lockton.

Source: https://millionrounds.com/company/bold-penguin (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Bold Penguin*

One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech Insurtech

Funding summary Updated 26 Oct 2026

**$32M** raised across 1 round since 2019, from 1 source

- **Latest round:** Series B, $32M Sept 2019
- **Investors:** 4

See who backed them

## The rounds

- **Sept 2019** Series B **$32M** [Lightstone Ventures](https://millionrounds.com/fund/lightstone-ventures) [Hudson Structured Capital Management](https://millionrounds.com/fund/hudson-structured-capital-management) [Lockton](https://millionrounds.com/fund/lockton) Guggenheim Insurance Reported by VentureBeat

## Everyone who backed them

[Lightstone Ventures](https://millionrounds.com/fund/lightstone-ventures) VC firm **1** round

[Hudson Structured Capital Management](https://millionrounds.com/fund/hudson-structured-capital-management) Asset manager **1** round

[Lockton](https://millionrounds.com/fund/lockton) Corporate VC **1** round

Guggenheim Insurance no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=bold-penguin).

## Also claim to have backed them

This firm lists Bold Penguin as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[American Family Ventures](https://millionrounds.com/fund/american-family-ventures) VC firm Per its own site

## Quick answers about Bold Penguin

### Who invested in Bold Penguin?

Bold Penguin's investors include Lightstone Ventures, Hudson Structured Capital Management, Lockton and Guggenheim Insurance.

### How much has Bold Penguin raised?

Bold Penguin has raised $32M across 1 round since 2019.

### When did Bold Penguin last raise?

Bold Penguin's most recent round was a Series B of $32M in Sept 2019.

### What was Bold Penguin's biggest round?

Its most recent round, $32M in Sept 2019, is also its largest on record.

### Who backed Bold Penguin first?

Bold Penguin's first round on record, in Sept 2019, was backed by Lightstone Ventures, Hudson Structured Capital Management and Lockton and 1 others.

### What stage is Bold Penguin at?

Bold Penguin's latest named round is a Series B, in Sept 2019.

### Where is Bold Penguin based?

Bold Penguin is based in the United States.

## Companies like Bold Penguin

In the same sector, and raised in the last eighteen months.

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**MURAL** $67M · Oct 2026](https://millionrounds.com/company/mural)

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