Funding profile · Small business health insurance

SimplyInsured

Three announced rounds, all of them before July 2015, and no federal securities filing of any kind. The capital story here is an absence, and the absence is the point.

$7.7MTotal raised as reported at the Series A, June 2015
$5.9MSeries A led by Polaris Partners, June 30, 2015
$10M+Capital raised, company-stated on its own about page
0Form D filings for the company in SEC EDGAR

Data as of September 22, 2026. Company-reported figures are labeled.

Rounds at a glance

When Round Amount Investors Source
Winter 2013 Y Combinator batch Not disclosed Y Combinator YC record
Oct 2013 Seed $750,000 Y Combinator, Altair Capital, Jake Gibson and Tim Chen of NerdWallet, Waseem Daher, Jeff Arnold, Amee and Adil Chaudry, Sam Melamed, Matt Huang Founder interview
Apr 2015 Seed, cumulative $1.75M Starling Ventures, Altair, Jake Gibson, Tim Chen, Amee and Adil Chaudry, Sam Melamed, Y Combinator TechCrunch
Jun 30, 2015 Series A $5.9M Polaris Partners led; Bessemer Venture Partners, Altair.VC, Corazon Capital, individual investors Press release and TechCrunch
Jul 2015 to Sep 2026 No announced round None disclosed None disclosed Not found

What the filings show

SimplyInsured · no federal securities filing on record · searched Sep 23, 2026

Form D
None. No Regulation D notice has been filed under any spelling of the name.
EDGAR company record
None. A company name search for simplyinsured returns no matching companies.
Full text search
One hit for the string SimplyInsured across all EDGAR filings since 2001, in an unrelated crowdfunding annual report by Hempitecture Inc. Nothing by or about this company.
Acquirer filings
No Intuit Inc. filing mentions SimplyInsured or Simply Insured. Intuit is a reporting company on NASDAQ under INTU, so a material acquisition would normally appear.
Implication
The rounds were placed outside Regulation D, or under exemptions that carry no federal notice, with state filings only.
Source
SEC EDGAR full text search and company search

Reading the filings

  1. The seed numbers are cumulative, not additive.A $750,000 seed was announced in October 2013 and a $1.75 million seed in April 2015. TechCrunch put total capital at $7.7 million immediately after the June 2015 Series A. Since $1.75M plus $5.9M is $7.65M, the 2013 money sits inside the $1.75M figure rather than beside it.
  2. The company’s own total is about $2.3 million higher than the press record.The about page claims more than $10 million raised. Reported rounds support $7.7 million. Tracxn carries $8.5 million across four rounds, Wellfound $8.4 million across three. No filing exists to settle the difference, and no later round has ever been announced.
  3. Eleven years without an announced raise is the loudest number on this page.The last dated round is June 30, 2015. For a brokerage that earns recurring commission per group placed, that is consistent with a business that reached cash breakeven and stopped needing outside money. It is equally consistent with a business no one wanted to fund. The public record does not distinguish between the two.
  4. No Form D means no investor count and no average check.For most companies this page would divide amount sold by investor count. Here there is nothing to divide. The only investor lists that exist are the ones in press releases, and press releases name winners, not amounts.
  5. One board seat is documented and only one.Gary Swart of Polaris Partners joined the board at the Series A in June 2015. No later board composition, departure or replacement was found in any public source.
  6. The largest distribution channel was lost, not bought.Intuit is frequently described as having acquired this company. It did not. Intuit named it an integration partner in August 2019, signed Allstate Health Solutions in November 2023, and ended support for the SimplyInsured integration in QuickBooks effective August 31, 2024. A revenue channel closed; no equity changed hands on the record.

Commercial signals

Signal Detail Source type
Licensure Published agency licenses in 48 states and the District of Columbia plus national producer number 17197729. Massachusetts and Wisconsin are absent from the agency table; the founder’s individual licenses cover all 50 states. Company-stated
Carriers Over 200 major carriers per a partner help center. Kaiser Permanente and Anthem Blue Cross named in 2015 reporting; UnitedHealthcare named in a 2026 complaint record. Independent and partner
Distribution Square Payroll 2018, Intuit QuickBooks 2019 to Aug 2024, Check 2022, Gusto Embedded Jan 2024, Toast Payroll Pro, Patriot Software Nov 2025. Separate channels for Sam’s Club and Carta. Partner-stated
Revenue model Recurring monthly commission per group placed, paid by the carrier. Services described as free to the employer. Company-stated
Scale 25,000 customers insured and 90 or more employees claimed on the about page. Tracxn lists 47 employees as of Aug 31, 2026. Claims disagree
Complaints 13 Better Business Bureau complaints over three years, 2 closed in the last 12 months. No state insurance department action found. Public record

What to watch

  • A first Form D. Any priced round would normally produce one within 15 days of first sale.
  • Whether Patriot Software and Gusto Embedded volume replaces the lost QuickBooks channel.
  • Any change of control. A brokerage with fourteen years of licensure and a commission book is a natural roll up target.
  • State insurance department filings, the failure mode that ended the Zenefits brokerage.

The SimplyInsured story on Healthcare DiscoveryHealthcare Discovery

Related companies

  • Qventus: Shared investor: Bessemer. Software that automates the logistics wrapped around care: who gets the operating room, when a patient goes home, which fax gets read
  • LemonBox: Shared investor: Bessemer. A vitamin subscription built by a Chicago Booth MBA who wanted to send his family in China something better than what the pharmacy sold, now positioned by its backers as
  • Spero Foods: Shared investor: Bessemer. A Bay Area startup that turned sunflower and pumpkin seeds into cream cheese and egg substitutes, reached more than 1,000 US stores, and was sold for cash to a
  • FidoCure: Shared investor: Polaris Partners. A tumor sequencing service that routes dogs with cancer toward human targeted therapy drugs, compounded to canine doses

Sources

  1. Public recordEDGAR full text search and company search for SimplyInsuredSEC · Sep 23, 2026
  2. Public recordMergers and acquisitions listIntuit investor relations · accessed Sep 23, 2026
  3. Public recordFind sign up for health insurance through Allstate in QuickBooks WorkforceIntuit QuickBooks support · accessed Sep 23, 2026
  4. Public recordSimplyInsured complaint recordBetter Business Bureau · accessed Sep 23, 2026
  5. IndependentSimplyInsured, A Health Insurance Platform For Small Companies, Scores $5.9M Series ATechCrunch · Jun 30, 2015
  6. IndependentY Combinator-Backed Health Insurance Startup SimplyInsured Pulls In $1.75 Million In Seed FundingTechCrunch · Apr 20, 2015
  7. InterviewSimplyInsured, Interview with CEO Vivek ShahFinSMEs · Oct 4, 2013
  8. IndependentSimplyInsured company profile, funding and headcountTracxn · accessed Sep 23, 2026
  9. IndependentSimplyInsured funding rounds and investorsWellfound · accessed Sep 23, 2026
  10. InvestorSimplyInsured raises $5.9 million in Series A funding led by Polaris Partners with participation from Bessemer and othersGlobeNewswire, Polaris Partners · Jun 30, 2015
  11. CompanyAbout page and Insurance Licenses pageSimplyInsured · accessed Sep 23, 2026
  12. PartnerPatriot Payroll Customers Can Now Add Health Benefits in Just a Few ClicksACCESS Newswire · Nov 11, 2025

Compiled from SEC and other public records and published reports as of September 22, 2026. Form D notices report offerings under Regulation D; no such notice exists for this company, and the absence of a filing is not evidence that no money was raised. Healthcare Venture Capital Fund holds no position in SimplyInsured. This page is not an offer to sell or a recommendation to buy any security.