Helium Ventures Acquires InsurGrid to Transform P&C Insurance Operations
Helium Ventures, specializing in AI-led acquisitions and software business management, has finalized its acquisition of InsurGrid, a strategic platform for streamlining data collection and verification for property and casualty (P&C) insurance agents. InsurGrid, utilized by over 2,500 agents across the United States, revolutionizes how agents manage policy information efficiently.
Established in 2019, InsurGrid transformed insurance agents’ methods for data collection and validation. The platform connects with over 350 insurance carriers, enabling quick retrieval of essential policy details from clients' current providers via a simple link. This enhancement reduces reliance on traditional communication methods like emails and phone calls, optimizing the agent-client interaction process.
Growth and Innovation Under Helium Ventures
Initial funding of $3.4 million from investors such as Engineering Capital and Hustle Fund facilitated InsurGrid’s development. Under Helium Ventures’ stewardship, InsurGrid reported 50% annual growth through 2025, rolling out new tools for modern agencies, landlord insurance verification, AI-enhanced policy reviews, and advanced APIs for automation. These developments highlight a commitment to modernizing regulatory compliance and efficiency in insurance data management.
Chase Beach, InsurGrid's founder, has acknowledged the swift integration of customer-requested features under Helium Ventures, reinforcing InsurGrid as a pivotal data platform in the P&C sector. Led by Rohit Mittal and Priyank Singh, Helium Ventures aims to expand InsurGrid’s product offerings and staffing, aligning with its strategic investment in B2B solutions that address real-world industry challenges and capture significant market demand.
Transforming Agent Operations
InsurGrid’s technology enhances agents’ ability to gather and validate policy information, identify additional coverage options, and streamline underwriting and quoting processes. The platform has resulted in enhanced efficiencies and increased policy binds, as reported by Josh Bagby of Providence Insurance and Jason Conner of Conner Insurance Group, demonstrating the platform’s impact on payer-provider interactions.
Ongoing Innovation and Market Viability
Recent product innovations by InsurGrid include tools for policy cancellations, AI-driven policy intelligence, and commercial data extraction, along with enhanced integrations with existing agency management systems. These upgrades, coupled with a focus on robust customer support and adherence to stringent security standards, underscore InsurGrid's ongoing commitment to regulatory compliance and industry innovation.
For further details on InsurGrid and its offerings, visit their website at insurgrid.com.
Helium Ventures continues to seek opportunities in software businesses with strong market viability and growth potential. Media inquiries may be directed to Helium Ventures at media@heliumventures.co or InsurGrid at media@insurgrid.com.