Companies · Insurance

When Insurance Agency, Inc.

HIGHWOOD · Insurance · refined from filed group “Other Technology

Diligence memoA one-page analyst read on When Insurance Agency, Inc. — recommendation, valuation, rhythm, risks.
$15.7M
Total raised · real
4
Rounds
2.7×
Latest step-up
Top 13%
Sector rank · raised
Series A
Latest stage · inferred · Fri Dec 05 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

When Insurance Agency, Inc. has raised $16M over 4 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Active
  • Last raise 7 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Insurance

When Insurance Agency, Inc. is one of 146 Insurance companies tracked from HIGHWOOD. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

insurance

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
20
Investors (latest)
2025-12-05
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MSeed · 2021-10-22 Raised $1.1M (real) Modeled valuation $12M (est)$1.1M$12MSeed2021Seed · 2023-06-30 Raised $600K (real) Modeled valuation $3.7M (est)$600K$3.7MSeed2023Seed · 2024-06-12 Raised $3.8M (real) Modeled valuation $16M (est)$3.8M$16MSeed2024Series A · 2025-12-05 Raised $10M (real) Modeled valuation $30M (est)$10M$30MSeries A2025+$600K+$3.8M+$10MCumulative $16M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$1.1M · 2021
Seed extension$600K · 2023
Seed extension$3.8M · 2024
Series A$10.2M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$30.3M
Base estimate est.
$13.9M
Conservative case
$47.0M
Upside case
$46.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Seed · modeled $12.3M · 2021-10-222021Seed · modeled $3.7M · 2023-06-30Seed · modeled $16.5M · 2024-06-12Series A · modeled $30.3M · 2025-12-052025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$3.8M/yr
Capital velocity
4.7 yr
On record since
2021
First round
4
Rounds on file
How it compares to the market

Benchmarked against 146 companies in Insurance. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.8× above median
This company$15.7M
Sector median$8.7M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.7× above median
This company$10.2M
Sector median$6.0M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$30.3M
Sector median$47.3M

Raised more than 88% of sector peers (real $). Modeled value above 81% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Irene Insurance Inc. · Series A Raised $6.0M · modeled $22.5M (est)Elysian Insurance Services Inc. · Series A Raised $8.9M · modeled $20.1M (est)When Insurance Agency, Inc. (this company) Raised $15.7M · modeled $30.3M (est)When Insurance Agency, Inc.
CompanyStageRaised · realValue · estvs peer med.
When Insurance Agency, Inc. this companySeries A$15.7M$30.3M1.34×
Irene Insurance Inc.Series A$6.0M$22.5M1.00×
Elysian Insurance Services Inc.Series A$8.9M$20.1M0.89×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$1.1M2021-10-22$5.4M$12.3M90%
Seed$600K2023-06-30$3.0M$3.7M90%
Seed$3.8M2024-06-12$19.2M$16.5M90%
Series A$10.2M2025-12-05$46.4M$30.3M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$1.1M2021-10-22
    • First recorded raise — entered as Seed.
    • 12 investors on this round.
  2. Seed$600K2023-06-30
    • Raised again after 20 mo — slower than the ~12 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Seed$3.8M2024-06-12
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round 6.4× larger than the prior — scaling up.
    • 14 investors on this round.
  4. Series A$10.2M2025-12-05
    • Raised 18 mo later, in step with the ~12 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 20 investors on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~16mo cadence
$27.1M
Modeled next size est.range $17.6M$43.3M
2.7×
Last step-up
$3.8M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Jeffrey Maters4 other2023-06
Andrew Hamilton3 other2021-10
Daniel V. Wertheimer2021-10
Daniel Wertheimer2023-06
Jeffrey V. Maters2025-12
Kevin W. Koperski2021-10
Nicole V. Gunderson2025-12
Robert V. Garber2025-12
Tara V. Conger2025-12
Todd V. Stern2025-12
Registry & provenance

When Insurance Agency, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1891222
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Carbon Insurance Inc.InsuranceSeries A$15.1M$10.3Msame sector · same stage
Boost Insurance USA, Inc.InsuranceSeries A$14.5M$174.0Msame sector · same stage
Authentic Insurance Services, Inc.InsuranceSeries A$12.5M$63.2Msame sector · same stage
Slaine Insurance Holdings, LLCInsuranceSeries A$10.0M$63.1Msame sector · same stage
Elysian Insurance Services Inc.InsuranceSeries A$8.9M$20.1Msame sector · same stage
Modern Insurance Agency, Inc.InsuranceSeries A$8.5M$9.0Msame sector · same stage
Irene Insurance Inc.InsuranceSeries A$6.0M$22.5Msame sector · same stage
Wave Insurance Technologies, Inc.InsuranceSeries A$5.0M$67.3Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Modern Insurance Agency, Inc.InsuranceSeries A$9.0M93%
Covered Insurance Solutions, Inc.InsuranceSeed$46.3M89%
InsuranceZebra, Inc.Other TechnologySeries D+$23.8M87%
Authentic Insurance Services, Inc.InsuranceSeries A$63.2M86%
Kin Insurance, Inc.InsuranceSeries D+$152.9M85%
Embedded Insurance Inc.InsuranceSeries B$263.2M85%
Pattern Insurance Services Inc.InsuranceSeries A$68.1M85%
Swirl Insurance Services, LlcInsurancePre-Seed$2.3M84%
Frequently asked
How much funding has When Insurance Agency, Inc. raised?
When Insurance Agency, Inc. has raised approximately $15.7M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is When Insurance Agency, Inc.'s estimated valuation?
Provath's modeled valuation for When Insurance Agency, Inc. is approximately $30.3M (modeled range $13.9M–$47.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is When Insurance Agency, Inc. at?
When Insurance Agency, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Dec 05.
What does When Insurance Agency, Inc. do and where is it based?
When Insurance Agency, Inc. operates in the Insurance sector, based in HIGHWOOD.
Explore related

See where When Insurance Agency, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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