Modular Solutions Secures Strategic Funding to Supercharge AI-Powered Insurance Software
Insurtech Gets a Jolt: Modular Solutions Raises One of North America’s Top Seed Rounds
Calgary’s Modular Solutions, a rising force in insurance technology, just closed one of the largest seed-stage funding rounds in North American insurtech since early 2023. The deal—facilitated by Tailwind Ventures—included a strategic industry partner and a syndicate of high-net-worth investors and venture firms, with the proceeds aimed squarely at scaling up its next-gen SaaS platform.
The capital will be used to accelerate AI capabilities, streamline client onboarding, and refine the platform’s configuration tools for insurers and brokers—a clear move to stay ahead in a fiercely competitive market.
Breaking the Mold of Legacy Insurance Software
Founded in 2015, Modular Solutions has been quietly taking aim at one of the insurance sector’s most persistent problems: legacy software. The company offers a configurable, modular SaaS platform that replaces outdated, siloed systems with a streamlined, integrated solution. The goal? Empower insurers and brokers to automate operations, reduce overhead, and deliver a vastly improved customer experience.
“Our platform is built to respond to the insurance industry’s most pressing challenges—speed, scale, and operational flexibility,” said Braden Bosch, CEO and founder of Modular Solutions. “This investment ensures we can keep our offering affordable and highly customizable, while bringing AI deeper into the stack.”
Bosch remains the company’s majority shareholder, a fact that signals both investor confidence and a long-term commitment to the company’s vision: enabling the best insurance experience in the world.
Seed Round with Scale—and Strategy
While the exact terms of the raise weren’t disclosed, the numbers are notable. According to Pitchbook data, Modular’s round ranks as the fifth-largest seed raise for an insurtech startup in North America since January 2023—and it came with the second-highest pre-money valuation in that cohort.
That valuation reflects a broader trend: investors are increasingly looking for insurtech platforms that go beyond flashy digital front-ends to deliver core infrastructure upgrades. Modular’s emphasis on low total cost of ownership, seamless integration, and AI-driven automation is clearly resonating.
“Modular is solving deep operational challenges in insurance with truly adaptable technology,” said Darren Engels, CEO of Tailwind Ventures. “This raise is a direct result of diligent preparedness—ensuring the business could meet investor scrutiny and scale.”
Tailwind, which has helped raise over C$370 million since 2022, takes a structured approach to venture readiness. Engels noted that Modular exemplifies the kind of company that benefits from this methodical preparation—resulting in faster closes and stronger strategic alignment.
The Right Investors, the Right Timing
The investor syndicate includes Clear North Capital, whose director Cody Church emphasized the deliberate approach Modular took in selecting capital partners. “Braden was strategic about who came to the table. All of them bring more than money—they bring insight, networks, and real strategic value.”
That value-add will be crucial as Modular looks to scale its platform across North America and beyond, targeting insurers, mutuals, MGAs, and brokers looking to digitally transform without blowing up their existing processes.
What It Means for the Insurtech Landscape
This funding round is more than a win for Modular—it’s a signal to the market. Investors are still hungry for practical, AI-driven solutions that modernize core insurance functions. And with digital transformation pressures mounting, companies like Modular that offer configurable, compliance-friendly platforms stand to benefit.
