AUSTIN, Texas – July 7, 2026 (GLOBE NEWSWIRE) – Adaptive Insurance, the climate resilience company that creates AI-driven specialty insurance and technology solutions, has revealed that it secured an extra $5 million in funding from a mix of new and existing investors. This capital will be used to speed up the creation and rollout of products designed to tackle the mounting risks tied to climate and weather events.
Investors in this round include newcomers IAG Firemark Ventures, Sunna Ventures, Room & Pillar, and Connecticut Innovations, together with prior backers Congruent Ventures, Seraphim Space, and individual private investors. The additional financing pushes Adaptive’s total raised to $10 million and signals strong enthusiasm for the company’s method of helping businesses and homeowners strengthen their defenses against vulnerabilities stemming from climate instability, diminishing conventional insurance, and reduced support from government agencies and programs.
Funds Will Build on Current Traction to Propel Growth
The investment will fuel Adaptive’s efforts to broaden its specialized product lineup, increase its agent and partner distribution channels, and advance work on its proprietary climate intelligence platform. The timing coincides with climate-related disruptions reaching undeniable levels: In 2024, climate and weather events produced a $181 billion global protection gap (Swiss Re, 2024); catastrophic climate events caused $115 billion in direct losses in 2025 (Climate Central, 2026); and FEMA cut $600 million in Flood Mitigation Assistance grants across 36 states last year (Urban Institute/FEMA).
“Businesses and homeowners today face risks from multiple directions at once,” said Mike Gulla, CEO and Co-Founder of Adaptive Insurance. “We’re seeing coverage gaps where standard policies fall short. Product gaps where entirely new risks have outpaced what traditional insurance was built to address. And infrastructure gaps created by climate volatility, shifting populations, and shrinking public resources. Specialty insurance products have a critical role to play because they allow customers to build resilience, recover faster, and maintain continuity against increasingly unpredictable disruptions. This funding allows us to continue expanding development and distribution of our suite of products and the technology that supports them.”
Shaping the Future of Specialty Insurance
In 2025, Adaptive introduced GridProtect, the first parametric insurance of its kind for short-duration power outages — it triggers predetermined payouts based on confirmed outages using real-time third-party data. Since then, the company has added a wind/hail deductible buy-back solution that helps residential and commercial clients lower their out-of-pocket deductible exposure, plus a flood product offering more coverage and flexibility than the NFIP policy. Adaptive also provides equipment breakdown coverage for commercial clients and runs Tokio Marine HCC’s Restaurant Recovery program via its own tech platform. Upcoming products will keep focusing on technology-driven specialty solutions that close gaps and support resilience against emerging climate threats.
"What has impressed us most is Adaptive's ability to move from identifying a market need to launching products that deliver tangible value for customers,” said Kevin Kopczynski, Congruent Ventures. “The team has demonstrated strong execution, deep insurance expertise and a clear understanding of how climate and infrastructure risks are reshaping protection needs. We are excited to deepen our support as Adaptive enters its next phase of growth."
New investors echo that view, regarding Adaptive’s strategy as a response to a larger market transformation. "Consumers and businesses increasingly need insurance solutions that can adapt to risks that are evolving faster than traditional products were designed to address,” said Alex Guyer, at IAG Firemark Ventures. “We believe Adaptive’s team is building the type of technology-enabled specialty insurance platform that will play an important role in the future of resilience and risk management."
Given that climate and weather risks are changing more rapidly than conventional coverage can keep pace, Adaptive Insurance sees a substantial opportunity to introduce new forms of protection suited to the shifting reality consumers now encounter.
About Adaptive Insurance
Adaptive Insurance is a specialty MGA and insurtech platform that is forging the path to climate resilience. Leveraging data, technology, and specialized insurance offerings, Adaptive assists businesses and homeowners in building defenses against emerging climate and weather hazards. The company’s expanding product lineup includes GridProtect, the pioneering parametric insurance for brief power outages; Wind and Hail Deductible Buy-Back for residential and commercial properties; residential flood insurance with broader coverage and higher limits than the NFIP; and Commercial Equipment Breakdown coverage. Adaptive also runs Tokio Marine HCC’s Restaurant Recovery program on its proprietary technology platform. Backing comes from Montauk Capital, Congruent Ventures, Seraphim Space, IAG Firemark Ventures, Sunna Ventures, Room & Pillar, and private stakeholders. Additional information is available at adaptiveinsurance.com.
Media contact:
Jennifer Reid
firstconnect@luminouspr.com
+1 778-772-0754
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc97c81e-bc6b-483e-bf04-58ec512fc7bc
