Funding

i23

United Kingdom · Fintech · AI

i23 develops an AI-driven insurance broking business that automates routine administration and supports brokers serving commercial clients.

Funding history

Product

i23 is an insurance technology startup founded by Bim Afolami and Anand Sambasivan. It is developing an agentic operating model to reduce routine administrative work for insurance brokers and help them serve commercial clients.

Sambasivan, a PrimaryBid co-founder, leads the company as chief executive; Afolami serves as president. The business plans to acquire an existing broker as it develops its approach to combining insurance expertise with AI.

Funding history

1 round · 1 with disclosed amounts
AnnouncedRoundAmountInvestors
Seed$5.5MFour Cities Capital — LeadInsiders VC — LeadOutward VC — LeadSeedcamp — Lead

Investors

Four Cities CapitalLed SeedInsiders VCLed SeedOutward VCLed SeedSeedcampLed Seed

Coverage

Oct 28, 2026i23 · Seed

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