# Embroker

Embroker is an Asset Manager based in San Francisco, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** embroker.com
- **LinkedIn:** https://www.linkedin.com/company/embroker

## Regulatory record

- **Reports private funds:** No

## About

Embroker is the radically simple destination for industry tailored commercial insurance. Get the protection you need today.

## Sectors

- InsurTech
- Enterprise Software
- AI/ML

## People

- Matt Miller — Founder
- Andy Lea — Chief Insurance Officer
- Kristy Malm — Chief Operating Officer

## Questions

### How does Embroker source and underwrite its policies differently from a standard business insurance broker?

Embroker does not act as a traditional broker that shops a client's risk across a panel of third-party carriers. Since 2017, the firm has operated its own underwriting facilities backed by Munich Re, meaning it both designs and prices the product in-house. It distributes coverage directly to businesses through its digital platform, while the Embroker Access portal also allows external agents to place business on Embroker paper. This compresses the broker-agent-carrier chain into one entity.

### Which industries does Embroker target, and which does it explicitly avoid?

Embroker builds named vertical packages for funded startups, technology companies, law firms, venture capital and private equity firms, financial services firms, consultants and real estate agents. It has not published explicit exclusion lists, but its product shelf is concentrated on professional-service and white-collar sectors where claims severity can be modeled with its own data. Heavy-industrial, transportation and life-science risks are absent from its public vertical lineup.

### Does Embroker operate as a licensed insurance carrier and, if so, where?

Embroker holds both a brokerage license and a carrier partnership structure through Munich Re, which provides the underwriting capacity for the policies the firm designs. The firm is licensed to distribute its insurance products across the United States. Specific state-level carrier licenses are not itemized on its website.

### How did Embroker fund its growth, and who are its financial backers?

Embroker raised $100 million in a 2021 funding round led by FTV Capital, a growth-equity investor focused on enterprise technology and financial services. Earlier rounds included participation from other venture investors. The firm has not disclosed total capital raised or current valuation.

### What is the relationship between Embroker One and the rest of the platform?

Embroker One, launched in 2023, is the firm's artificial-intelligence-driven quoting and policy-recommendation engine. It sits on top of the existing industry-vertical packages and uses machine learning to generate coverage recommendations and pricing. It is not a separate legal entity but a product layer designed to replace manual underwriting workflows with automated assessments.

## Related profiles

- [Catch](https://altss.com/profile/catch)
- [Genesis Global](https://altss.com/profile/genesis-global)

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Last updated: 2026-06-03T20:00:00.000Z

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