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ReThought Insurance
Technology-centric mga focused on product innovation for commercial lines
About ReThought Insurance
reThought Flood is a technology-focused Managing General Agent (MGA) that specializes in underwriting flood insurance for complex and high-value commercial and residential properties in the United States. The company utilizes advanced data analytics and proprietary, patent-pending underwriting technology to provide precise, risk-based coverage.
Instead of relying on a single source, reThought Flood employs multiple models to create a more accurate and granular assessment of flood risk, moving beyond traditional flood zones. This approach allows the company to offer tailored insurance solutions through agents and brokers. Its business model is centered on providing the necessary tools and data for its partners to effectively write and manage flood insurance policies. The company operates as an InsurTech MGA, indicating its revenue is likely generated through commissions and fees on the policies underwritten through its platform.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- Broomfield, United States
- Employees
- 41
- Open positions
- None listed
- Dealroom signal
- 62.8/100
- Industry
- Fintech
- Sub-industry
- Insurance
- Sector
- Fintech, Sustainable Development Goals, House and Property Insurance, Climate Risk, PandC Insurance, MGA, Commercial Insurance, Climate Tech, Flood Management
- Technology
- Artificial Intelligence, Big Data
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 1 company, latest Sep 2023
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Sep 2023 | $1M | $78M | Connecticut Innovations | ↗ |
| SERIES B✓Equity / VC | Jan 2023 | $11M | $78M | ArcTern Ventures · Titanium Ventures · Hudson Structured Capital Management · IA Capital Group | ↗ |
Growth signals
Latest recorded traffic for ReThought Insurance is 1.9K monthly website visits, up 106.5% over the last three months. ReThought Insurance's team declined 14.6% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Prototype Capital
Series A7 investors entered at this stage
Streamlined Ventures
ArcTern Ventures
Menlo Ventures
ManchesterStory
Hudson Structured Capital Management
Titanium Ventures
IA Capital Group
Series B and later1 investor entered at this stage
Connecticut Innovations
Other known investors4 additional known investors
Climate Capital- HVHSCM Ventures
Plug and Play
Western Technology Investment
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about ReThought Insurance on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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