Building on capital from 2022, a $4.6 million round of investment into Toronto’s Walnut Insurance was led by NAventures, with participation from TELUS Global Ventures, Diagram Ventures, Portage, and Highline Beta. Walnut, in the business of modernizing the insurance industry with the latest technology since 2020, says the investment will be used to expand its platform for insurers, brokers, and enterprises, as well as bolster its engineering team and form new partnerships.
The influx of capital “allows us to expand our technology stack, scale our operations, and bring innovative insurance solutions to both insurers and businesses looking to drive new revenue streams,” stated cofounder Adrien Niblock.
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