Kalepa Secures $75 Million In Series B Funding Led By Updata Partners

AI-powered insurance startup Kalepa raised $75 million in a Series B round led by Updata Partners, with participation from IA Ventures and Inspired Capital, valuing the company at $470 million and bringing its total funding to $91 million. Co-founded and led by CEO Paul Monasterio, Kalepa develops an AI-powered platform that streamlines insurance operations, underwriting, pricing and portfolio management. The company plans to use the new funding to expand its AI product suite, enter new markets and double its headcount in 2027.

FOUNDERS: Paul Monasterio & Daniel Hillman

INVESTORS: Updata Partners, IA Ventures, Inspired Capital

ROUND: Series B AMOUNT: $75,000,000 VALUATION: $470,000,000

HQ: New York City, New York

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