Indigo, an AI-driven medical professional liability insurance platform, has raised $50 million in an oversubscribed Series B round led by existing investor Rubicon Founders. Town Hall Ventures joined as a new backer, alongside Optum Ventures and other strategic investors. Founded in 2023, Indigo insures nearly 1,000 physicians nationwide and has surpassed $10 million in premium. The company's proprietary AI platform, Lux, uses machine learning to automate underwriting workflows. By end-2025, 20% of submissions were fully underwritten automatically, demonstrating the platform's scalability. The funding will expand Indigo's AI-powered underwriting technology, enhance product capabilities, grow distribution partnerships and scale operations. The company aims to modernise medical malpractice insurance by reducing operational friction whilst maintaining disciplined risk selection and improving pricing accuracy for physicians.

Indigo raises $50 million to expand ai-driven medical malpractice platform. Series B funding supports automated underwriting, distribution growth, and operational scale across U.S. physician segments. Indigo (Nashville), an AI-powered medical professional liability insurer, has raised $50 million in Series B funding to accelerate platform growth and expand its underwriting and distribution capabilities nationwide. The oversubscribed round was led by existing investor Rubicon Founders, with participation from new investor Town Hall Ventures and existing backer Optum Ventures. Founded in 2023, Indigo underwrites medical malpractice coverage for physicians across multiple specialties. The company insures nearly 1,000 providers and has surpassed $10 million in premium to date. Indigo's proprietary AI platform, Lux, uses machine learning and purpose-built risk models to automate underwriting decisions traditionally handled through manual processes. By the end of 2025, 20 percent of submissions were underwritten automatically, demonstrating the scalability of its approach. "This funding allows us to expand our technology footprint, deepen underwriting rigor, and deliver an exceptional ease-of-doing-business experience for brokers - while ensuring physicians receive pricing and coverage aligned with their true risk profile," comments Jared Kaplan, CEO, Indigo. Indigo plans to use the proceeds to enhance product capabilities, expand R&D, grow distribution partnerships, and scale operations. "Indigo is executing at the intersection of deep domain expertise and AI excellence," says Matt Kim, Indigo Co-Founder and Partner, Rubicon Founders. "This capital will help them scale faster than legacy carriers have been able to for decades." David Whelan, Co-Founder and General Partner, Town Hall Ventures, adds: "By layering machine learning over deep insurance expertise, Indigo has built a defensible moat and a superior underwriting product. Their ability to quote with lower administrative overhead creates a meaningful advantage in a legacy market."