The funding round was spearheaded by IA Capital Group, with notable participation from Harvest Ventures.
Established in 2022 by former APOLLO Insurance employees Davis Gilbert and Josh Pillsbury, Summit has rapidly emerged as a prominent national insurance brokerage and risk management firm.
Headquartered in Kelowna, British Columbia, Summit prides itself on pioneering the future of commercial insurance through innovative, technology-driven risk management and insurance solutions.
The brokerage’s operations span a wide array of industries, catering to diverse client needs. With a robust network comprising over 60 insurance partners, Summit claims to offer comprehensive coverage tailored to the specific requirements of its clientele.
Ravi Shah, Vice President at IA Capital said of the raise: “We are thrilled to be partnering with Josh, Davis and the entire Summit team in the next stage of their growth serving the commercial insurance needs of businesses in Canada.”
He added: “We’ve been incredibly impressed by the traction to-date in one of Canada’s fastest growing retail brokerage.”
