# Walnut Insurance: Insurance, Toronto, Canada

> Walnut Insurance: Walnut Insurance, founded in 2020, is a technology-enabled insurance distribution company that focuses on transforming the insurance sales...

Source: https://millionrounds.com/startup/walnut-insurance (Millionrounds; every figure on the page links to its filing or article)

Canada · [Insurance startup](https://millionrounds.com/companies)

# Walnut Insurance

Walnut Insurance, founded in 2020, is a technology-enabled insurance distribution company that focuses on transforming the insurance sales process.

Funding reported Last round: Series A

Insurance Toronto, Canada

Company summary

- **Founded:** 2020 6 years old
- **Team:** 31 11 to 50 people
- **Funding reported:** 7.3M as listed, currency not stated
- **Last round:** Series A Aug 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Walnut Insurance has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Walnut Insurance

Walnut Insurance, founded in 2020, is a technology-enabled insurance distribution company that focuses on transforming the insurance sales process.

It operates as an insurtech platform, allowing insurers and enterprise businesses to embed insurance products directly into their platforms and customer journeys. Walnut provides a single API, known as "One API," which digitizes insurance products and supports compliant multi-channel distribution with instant quote and bind experiences. The company offers two main services: an embedded insurance platform for B2B clients, enabling integration of insurance into existing products, and direct term life insurance for individual consumers. The term life insurance is available in 10-year and 20-year terms, with coverage options up to $1,000,000 for clients aged 55 or younger, and up to $499,999 for those aged 56 and older. Walnut partners with RBC Insurance to provide these services and emphasizes technology-driven growth to deliver tailored insurance solutions.

## What company datasets say Walnut Insurance raised

Funding, as reported

Reported in all **7.3M** in the source's currency

Rounds **3**

Last round **Series A**

Last round size **3.3M**

Last round date **Aug 2024**

Investors listed **8**

## On 3 portfolio pages

Investors who name them

- [Harvest Venture Partners](https://millionrounds.com/fund/harvest-venture-partners)
- [Diagram](https://millionrounds.com/fund/diagram)
- [Sanfina Partners](https://millionrounds.com/fund/sanfina-partners)

Each firm lists Walnut Insurance on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

consumers customer engagement distribution insurance product deployment insurance broker support information technology & services insurance financial services finance digital insurance api deployment mortgage protection insurance insurance licensing api integration digital insurance ecosystem insurance in-platform branding

Built with from their website

Amazon SES Google Tag Manager Amazon CloudFront WordPress.org HREF Lang Font Awesome Google Workspace CloudFlare Viewport Meta Lovable

+8 more

Amazon Simple Email Service webpack Facebook SDK Amazon S3 Webflow Hosting OpenAI Apple Business Manager Google Meet

- **Sector:** Insurance
- **Industry code:** NAICS 524210, 513210, SIC 7375, 6411, 7372
- **Region:** Ontario
- **Revenue:** 1.2M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/walnut-insurance)

## Insurance in Canada

Startups like it

- [**Wisedocs** Toronto · founded 2018](https://millionrounds.com/startup/wisedocs)
- [**Foxquilt** Toronto · founded 2016](https://millionrounds.com/startup/foxquilt)
- [**Zensurance** Toronto · founded 2016](https://millionrounds.com/startup/zensurance)
- [**Summit** Kelowna · founded 2022](https://millionrounds.com/startup/summit)
- [**Briza** Toronto · founded 2016](https://millionrounds.com/startup/briza)
- [**Goose Insurance Services Inc.** Vancouver · founded 2017](https://millionrounds.com/startup/goose-insurance-services-inc)
- [**Emma** Quebec City · founded 2017](https://millionrounds.com/startup/emma-4)
- [**Finaeo Inc.** Toronto · founded 2016](https://millionrounds.com/startup/finaeo-inc)

## Is this your company?

Add your raise, your deck and your story, and put Walnut Insurance in front of investors. Or tell us what we have wrong.

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