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Highwing has raised $4.0M across 1 funding round.
Key people at Highwing.
Highwing has raised $4.0M in total across 1 funding round.
Highwing provides an open-data platform designed for the commercial insurance sector, serving as a transaction hub to streamline operations. The platform facilitates enhanced connectivity and automates crucial workflows between brokers and carriers, enabling more efficient data exchange and utilization throughout the entire customer lifecycle. This allows commercial insurance professionals to manage transactions and information more effectively.
The company was founded in 2018 by Erik Mitisek, who identified a significant opportunity to modernize the commercial insurance marketplace through technological innovation. Mitisek's vision centered on addressing inefficiencies within the industry by creating a centralized system that could better integrate disparate processes and data streams, leveraging his background to build a more connected ecosystem.
Highwing primarily serves commercial insurance brokers and carriers, offering them tools to improve their operational capabilities and data-driven decision-making. The company’s long-term vision is to digitally empower the commercial insurance landscape, creating substantial value for participants by fostering a more integrated and intelligent environment for complex insurance transactions.
Highwing has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in November 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 11, 2020 | $4M Seed | Brokertech Ventures, BRP Group | Cameron Ventures, Heffernan Insurance Brokers, Holmes Murphy, Revolution, Service Provider Capital, Skyknight Capital, SpringTime Ventures, The ABD Team | Announced |
Highwing has raised $4.0M in total across 1 funding round.
Highwing's investors include BrokerTech Ventures, BRP Group, Cameron Ventures, Heffernan Insurance Brokers, Holmes Murphy, Revolution, Service Provider Capital, SkyKnight Capital, SpringTime Ventures, The ABD Team.
Highwing is an insurtech company headquartered in Denver, Colorado, that builds an open-data platform connecting commercial insurance brokers and carriers to streamline workflows, enable data-driven insights, and drive profitable growth.[1][3][4][8] Its Broker Operating System, robust APIs, and Marketing Insights allow users to market, quote, bind policies faster, track performance, and innovate without adding headcount, targeting mid-market brokers and top U.S. firms.[1][2][4] Born from a brokerage in 2017-2018, Highwing has shown strong momentum: rapid client growth among top 50 brokerages and middle-market players, $7.25M raised (including a $4M seed in 2020 from investors like BrokerTech Ventures, Baldwin Risk Partners, and others), and 20-50 employees supporting billions in written premium.[1][2][3][4][8]
Highwing emerged in 2017 as an idea within IMA Financial Group, a Denver brokerage, before spinning off as a standalone insurtech in 2018 led by co-founder and initial CEO Erik Mitisek, a former CEO of the Colorado Technology Association and Denver Startup Week co-founder with deep industry ties.[3][4][5][7] The concept addressed commercial insurance's outdated processes by creating open connectivity for brokers and carriers, drawing on brokerage expertise to automate workflows and leverage data analytics across the customer lifecycle.[1][3][5] Pivotal moments include the 2020 $4M seed raise (led by BrokerTech Ventures and Baldwin Risk Partners, with backers like Holmes Murphy and AmWINS), funding engineering and product expansion, followed by 2022 leadership transition to CEO Jim McKenney (insurance veteran from major carriers) and an advisory board of luminaries, fueling rapid client additions and scaling.[1][2][3][4]
Highwing rides the insurtech wave digitizing commercial insurance—a $300B+ U.S. market plagued by manual workflows, fragmented data, and slow innovation amid rising mid-market demand for speed and transparency.[1][3][5] Timing aligns with post-2020 digital acceleration, where brokers seek tech to compete without expansion; Highwing's open platform counters silos, fostering ecosystem-wide efficiency like API-driven marketplaces in fintech.[2][4] It influences by onboarding top brokerages, attracting carrier giants via its board, and enabling data leverage for better risk solutions—pushing the industry toward collaborative, tech-native models that prioritize insureds during crises.[1][5][8]
Highwing is poised to dominate open connectivity in commercial insurtech, expanding its platform to capture more market share as AI-enhanced analytics and real-time data become table stakes. Trends like embedded insurance, regulatory pushes for transparency, and broker consolidation will amplify its network effects, potentially leading to further funding, acquisitions, or carrier integrations. Its influence could evolve from workflow accelerator to ecosystem orchestrator, redefining mid-market risk management—building on its brokerage roots to deliver the efficient, insightful future brokers crave.[1][2][5]
Key people at Highwing.
