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§ Private Profile · Westport, CT, USA
Tech-enabled insurance brokerage providing tailored risk management solutions for the cannabis sector, with proprietary technology.
Frontier Risk is a Rowayton, Connecticut-based technology-enabled insurance brokerage providing specialized risk management and commercial coverage solutions tailored specifically for the rapidly growing cannabis sector. The company serves a diverse range of industry participants, from early-stage growers to large multistate operators, by utilizing proprietary underwriting and reinsurance capabilities to address the unique regulatory challenges of cannabis businesses. Operating with a dedicated team of 26 employees, the firm generates approximately $24.3 million in annual revenue through commissions and fees on its specialty commercial insurance policies. In August 2023, the brokerage expanded its operations after securing $3.1 million in seed funding backed by recognizable venture capital investors including Casa Verde Capital, Euclid VC, and IA Capital Group. Frontier Risk was officially established in 2021 and was co-founded by former Parallel executive James Whitcomb alongside IA Capital Group.
Frontier Risk has raised $3.1M across 1 funding round.
Frontier Risk has raised $3.1M in total across 1 funding round.
Frontier Risk has raised $3.1M in total across 1 funding round.
Frontier Risk's investors include Casa Verde Capital, Bruce Macfarlane, Euclid Ventures, IA Capital Group.
Frontier Risk has raised $3.1M across 1 funding round. Most recently, it raised $3.1M Seed in August 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 31, 2023 | $3.1M Seed | Casa Verde Capital | Bruce Macfarlane, Euclid Ventures, IA Capital Group | Announced |