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Fletch is a San Francisco Bay Area, California-based technology company that develops an artificial intelligence-powered cybersecurity platform designed to scan daily threat articles, match them to corporate exposures, and deliver prioritized, human-readable mitigation tasks. The enterprise operates under a software-as-a-service subscription business model and previously secured a $12.5 million Series A funding round led by True Ventures. Serving business customers across 15 countries, the platform aims to reduce alert fatigue and enable proactive network defense. Prior to its current cybersecurity focus, the organization offered an educational technology application for higher education institutions to automate attendance tracking and integrate with university compliance systems. In 2025, the company was acquired by technology firm F5 for an undisclosed amount, with 13 of its 15 employees transitioning to the acquirer. Fletch was founded in 2020 by Grant Wernick and Jacob Perkins.
Fletch has raised $28.5M across 2 funding rounds.
Fletch has raised $28.5M in total across 2 funding rounds.
# High-Level Overview
Fletch is a financial services technology platform that enables companies to embed insurance and financial products into their own digital experiences[1][2]. The company builds configurable, no-code tools that allow enterprises and startups to create seamless customer journeys for insurance purchases, quoting, and payments without requiring technical development resources.
Fletch serves two primary markets: established financial services companies seeking to modernize their customer acquisition and distribution, and next-generation startups looking to integrate insurance products into their platforms[2]. The company solves a critical friction point in financial services—the complexity of embedding compliant, integrated insurance experiences into partner platforms. Its growth momentum is evidenced by partnerships with established players like We Insure (which added pet insurance capabilities through Fletch) and recent breakthroughs in agentic AI-driven insurance purchases[2][5].
Fletch was founded in 2020 and is based in West Windsor, New Jersey[2]. The company emerged from the vision of addressing a specific pain point: the difficulty of creating affiliate partnerships and embedding insurance products into third-party platforms in a compliant, scalable way[2].
The founding team brought relevant expertise in building complex systems. CEO Sri Oddiraju has demonstrated a commitment to innovation in financial services, particularly in leveraging AI to streamline traditionally friction-filled processes like insurance purchasing[5]. The company's early focus on simplifying insurance partnerships positioned it within the broader fintech and insurtech ecosystems, where regulatory compliance and seamless integration are paramount[2].
Fletch operates at the intersection of three powerful trends: the fintech revolution, the rise of embedded finance, and the emergence of agentic AI systems. As financial services increasingly shift toward platform-based distribution models, companies need tools to embed products directly into customer journeys without building from scratch—a gap Fletch fills.
The timing is particularly significant given the acceleration of AI adoption in financial services. Traditional insurance purchasing involves friction, complexity, and manual processes. Fletch's agentic AI capabilities address this by automating decision-making while maintaining regulatory compliance and transparency[5]. This positions the company as a bridge between legacy financial services infrastructure and next-generation AI-driven customer experiences.
The company also influences the broader ecosystem by democratizing access to sophisticated financial product distribution. By removing technical barriers through its no-code platform, Fletch enables smaller companies and startups to compete with larger incumbents in embedding financial products—a shift that accelerates innovation across the fintech and insurtech sectors[1][2].
Fletch is well-positioned to capitalize on the convergence of embedded finance and agentic AI. As enterprises increasingly recognize that AI can handle complex, multi-step financial transactions autonomously, demand for platforms that enable this capability will likely accelerate. The company's recent milestone in agentic AI insurance purchases suggests it's moving beyond traditional no-code builders into genuinely transformative territory.
The key challenges ahead involve scaling regulatory compliance across jurisdictions and building trust with insurers and regulators as AI systems take on more autonomous decision-making roles. However, Fletch's stated commitment to collaboration with regulators and its licensed producer oversight model suggest the company is taking these concerns seriously[5].
Looking forward, Fletch's influence will likely extend beyond insurance into broader financial services—travel, home, life, and potentially other verticals where complex product selection and purchasing can be streamlined through AI. The company that successfully makes financial product purchasing as frictionless as consumer e-commerce will reshape how financial services are distributed, and Fletch appears to be building exactly that infrastructure.
Fletch has raised $28.5M across 2 funding rounds. Most recently, it raised $12.5M Series A in April 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 20, 2023 | $12.5M Series A | Puneet Agarwal | DJ Patil, Erik S., Frederic Kerrest, Michael Coates | Announced |
| Jul 1, 2021 | $16M Series A | — | Amplify Partners, Heavybit, Hoxton Ventures, IDG Ventures, Launchpad Venture Group, Lobby Capital, MAC Venture Capital, Mango Capital, Mohr Davidow Ventures, Alexander Rosen, ALI Diab, Todd Rovak | Announced |
Fletch has raised $28.5M in total across 2 funding rounds.
Fletch's investors include Puneet Agarwal, Dj Patil, Erik S., Frederic Kerrest, Michael Coates, Amplify Partners, Heavybit, Hoxton Ventures, IDG Ventures, LaunchPad, Lobby Capital, MaC Venture Capital.
