{
  "id": 16049137,
  "title": "Exclusive: Slingshot Raises $27M In Seed Funding To Build An Insurer For Those Small Policies Sold At Checkout",
  "url": "https://urgent.news/2026/10/22/exclusive-slingshot-raises-27m-in-seed-funding-to-build-an-insurer",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T13:00:23.000Z",
  "source": {
    "name": "Crunchbase News",
    "slug": "crunchbase-news",
    "url": "https://news.crunchbase.com/fintech-ecommerce/insuretech/startup-slingshot-insurance-seed-funding-genteman/"
  },
  "original_language": "en",
  "account": "Slingshot Insurance, an AI-native embedded insurance startup, has raised $27 million in seed funding to develop insurance products for businesses selling small policies at checkout. The round was led by Rally Ventures and Skyward Group, with insurance industry veterans including Jim Hays joining the company's board. The startup, led by first-time CEO Ethan Genteman, aims to simplify the process of offering small insurance policies by connecting businesses with insurers and using AI to automate data-heavy tasks. Slingshot's first customer, Vertical Insure, serves over 750,000 customers with an average premium of $25. The company plans to launch its first program this month, focusing on small insurance policies that can be bought during other purchases, such as when booking a flight. Slingshot's technology enables businesses to offer insurance products quickly, even when navigating complex regulations. The startup charges a 5% technology fee to administer programs through its platform.",
  "summary": "Slingshot Insurance, a Minneapolis-based AI-native embedded insurance startup, is emerging from stealth with $27 million in a seed funding round co-led by Rally Ventures and Skyward Group, it tells Crunchbase News exclusively.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}