FundedIQ
Financial Services

Walnut Insurance: Funding, Investors & Team (Aug 2026)

At Walnut, we’ve cracked the nut on insurance and digitally flipped the traditional insurance model. We're embedding insurance into the products and services that you love.

www.gowalnut.com LinkedIn Toronto, Canada 11-50 employees
Embedded Software Finance Financial Services FinTech Insurance Life Insurance
Total raised
$6.4M
Rounds
2
Latest
Series A
Aug 2024

Walnut Insurance has raised $6.4M across 2 funding rounds on record, the most recent a Series A of $3.4M announced in Aug 2024.

That round is below the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.

Walnut Insurance Company Profile and Key Stats

Total funding raised
$6.4M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Series A
$3.4M in Aug 2024
Employees
11-50
reported band
Headquarters
Toronto, Canada

Latest funding round on record: Aug 2024.

Walnut Insurance Funding Rounds

Date
Round
Amount
Series A
$3.4M
Seed
$3.0M

Walnut Insurance raised $3.0M in a Seed announced in Dec 2022.

1.7 years later, a Series A of $3.4M was announced in Aug 2024.

Walnut Insurance Founders and Leadership Team

Name
Role
Contact
Derek Szeto
Founder
Locked

Contact details for the Walnut Insurance team: 1 of 1 has an email address on file.

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Walnut Insurance Funding Compared to Other Financial Services Startups

Segment
Companies
Median round
3,081
$2.2M
8,352
$15M

Walnut Insurance's latest round of $3.4M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

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Walnut Insurance Funding FAQs

What does Walnut Insurance do?

At Walnut, we’ve cracked the nut on insurance and digitally flipped the traditional insurance model. We're embedding insurance into the products and services that you love.

How much funding has Walnut Insurance raised?

Walnut Insurance has raised $6.4M across 2 rounds on record. The most recent is a Series A of $3.4M announced in Aug 2024.

When did Walnut Insurance last raise funding?

Walnut Insurance's most recent funding round on record is a Series A of $3.4M, announced in Aug 2024.

Who founded Walnut Insurance?

FundedIQ lists Derek Szeto (Founder) at Walnut Insurance.

Where is Walnut Insurance headquartered?

Walnut Insurance is based in Toronto, Ontario, Canada.

How many employees does Walnut Insurance have?

Walnut Insurance is in the 11-50 employee band.

How does Walnut Insurance's funding compare to other Financial Services startups?

Walnut Insurance's latest round of $3.4M is below the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.

About FundedIQ's Walnut Insurance Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Walnut Insurance is left off this page rather than filled in.

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