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August 26th, 2025
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Inscora Secures $2M to Revolutionize Cyber Insurance
Funding | Release | Aug 6, 2024
Inscora's Founders (Image provided by Luge Capital)
Montreal Fintech Inscora Announces $2M in Funding Led by Luge Capital
Montreal, QC – Aug 6, 2024 – Inscora, a Montreal-based fintech that provides automated cyber risk assessment and sales enablement tools to cyber insurance brokers, has secured $2 million in funding. The financing round was led by Luge Capital and also included Desjardins Capital, Accelia Capital, Inovia Capital, and cybersecurity angel investors.
Highlights
Inscora was co-founded by:
- Gabriel Tremblay, a repeat cybersecurity entrepreneur who previously co-founded Delve Labs (acquired by Secureworks);
- Pierre-David Oriol, former VP of Product at Delve Labs; and
- Guillaume Raymond, former Director of Engineering at digital health company Dialogue (acquired by Sunlife).
See: Blakes: Cybersecurity Trends in Canada: A 2023 Perspective
Inscora's platform empowers insurance brokers with a innovative cyber brokerage approach that increases customer value, calculates better risk-adjusted premiums, and leads to higher sales conversions. The company is already collaborating with a select group of insurance industry players as part of an early trial program. Core benefits and platform capabilities include:
- Accurately and effortlessly assess a company's cyber risk profile
- Assist customers in incorporating the latest cybersecurity best practices
- Drastically speed up the cyber insurance application process
The use of proceeds will fund team expansion, continuous platform improvements, and product launch in both Canada and the U.S.
Gabriel Tremblay, CEO and Co-Founder of Inscora:
"We have spent our careers developing products that help organizations protect themselves against cyber attacks. Inscora represents a unique opportunity to apply this expertise to the ever-evolving field of cyber insurance and improve the efficiency of insurance brokers as well as the security posture of the insured clients. We are thrilled to have the support of such esteemed investors to help us now go to market."
See: Luge Capital Secures $71M in Second Fund’s First Close
David Nault, General Partner at Luge Capital:
"We have seen, first hand, how complex purchasing cyber insurance can be and the lack of tools available to the insurance industry to guide clients to implement stronger security measures within their organizations. Inscora is solving both of these important issues to support the ever-evolving cyber insurance industry."
Contact Information
For more details, please contact:
Gabriel Tremblay
CEO Inscora inc.
Email: contact-media@inscora.com
Website: https://inscora.com
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