Insurtech Qumis Secures $4.3M Seed Round

Qumis, a lawyer-built AI-driven platform for commercial insurance coverage intelligence, announced a $4.3 million oversubscribed seed round led by MTech Capital, with new strategic investor American Family Ventures and participation from all prior investors. Total funding reaches $6.75 million.

The Chicago-based insurtech said it will deploy the capital to expand its go-to-market team and deepen product capabilities as demand grows from large brokers, carriers, and coverage-focused law firms.

Qubis’ platform combines proprietary document processing with multi-stage legal reasoning trained on thousands of real-world coverage analyses.

Qumis previously raised $2.2 million in pre-seed funding.