Helium Ventures Acquires InsurGrid: Transforming P&C Insurance Operations
Helium Ventures, renowned for acquiring AI-driven software businesses, has acquired InsurGrid, a platform utilized by over 2,500 agents in the property and casualty (P&C) insurance industry for efficient policy data management. This strategic acquisition underscores Helium's commitment to leveraging artificial intelligence in streamlining insurance regulatory compliance and operational efficiency.
Established in 2019, InsurGrid has set out to transform the traditionally labor-intensive process of policy information collection. By integrating with more than 350 insurance carriers, InsurGrid allows agents to request and retrieve policy declarations and details via a client-friendly link, minimizing reliance on conventional communication methods like emails and calls. This innovative approach is central to the risk management strategy within insurance operations.
Expanding Features and Funding
InsurGrid has previously secured $3.4 million in pre-seed funding from notable investors including Engineering Capital, Hustle Fund, Cedana Capital, and various angel investors. Demonstrating a 50% year-over-year growth through late 2025 under new ownership, InsurGrid has broadened its offerings. These include features for modernized agencies, enhanced insurance verification for landlords, a policy review workspace driven by AI, and APIs that streamline additional regulatory processes.
Chase Beach, InsurGrid's founder and former CEO, indicated that Helium's backing has accelerated customer-preferred features delivery. This development further strengthens the platform's position as a comprehensive data hub for insurance providers of various sizes. Helium Ventures, under the leadership of CEO Rohit Mittal and CTO Priyank Singh, focuses on acquiring B2B software with product-market fit in underrepresented sectors, aiming for regulatory compliance and efficiency.
Enhancing Client Experience
Feedback from InsurGrid’s users highlights the platform's role in easing the client experience and enhancing underwriting and policy binding efficiency. Josh Bagby from Providence Insurance reported significant improvements in client processing speeds. Similarly, Jason Conner of Liberty Mutual credited InsurGrid with expediting the binding of ten policies in a brief period, showcasing the system’s rapid data collection capabilities.
Recent updates to InsurGrid include tools for policy cancellations, AI-enabled policy insights, commercial data extraction, and enhanced integration with agency management systems. With industry-leading security measures like 256-bit AES encryption, InsurGrid adheres to rigorous regulatory compliance standards. The platform has aided agents in gathering over 80,000 declaration pages, supporting more than $250 million in closed premiums annually.
Helium Ventures plans to maintain and expand InsurGrid's operations by enhancing product functionalities and customer service capabilities, aiming to position InsurGrid as the go-to P&C data platform for agencies of all sizes.
Key Quotes
Chase Beach, Founder and Former CEO, InsurGrid: “Under Helium’s ownership, we’re seeing unprecedented innovation and growth. The team has already delivered features our customers have been requesting for years, and I’m excited to see InsurGrid become the definitive P&C data platform for agencies.”
Rohit Mittal, CEO and Co-Founder, Helium Ventures: “InsurGrid represents exactly the type of innovative B2B software we look for—a product that solves a real problem, has demonstrated product-market fit, and serves a large, underserved market. We’re investing heavily in product development and team expansion to accelerate InsurGrid’s growth trajectory.”
Josh Bagby, Providence Insurance: “I’ve had six different clients in three days, one of them being a 61-year-old who completed it in three minutes without hesitation.”
Jason Conner, Liberty Mutual: “In two and a half weeks with InsurGrid, I had 10 bound policies. That’s 10 commissions I’m getting because of InsurGrid.”