The funding will accelerate go-to-market initiatives, support customer onboarding, and scale delivery operations and Elysian’s proprietary technology platform.
Founded to address the complexity of commercial claims, Elysian was created by Grace Hanson, a former lawyer and seasoned insurance executive who has served as Chief Claims Officer at Allied World, Homesite Insurance, Hiscox, and Hippo Insurance. Hanson brings a unique combination of legal expertise and senior claims leadership, shaping a strategy that integrates modern AI tools with the realities of high-stakes claims environments.
“We built Elysian by rethinking claims handling from the ground up—designing a hybrid intelligence system where AI manages the ‘messy middle’ and adjusters can focus on the human parts,” said Grace Hanson, Founder and CEO of Elysian. “Our approach is shaped by firsthand industry insight and designed to raise the standard for modern claims services.”
Elysian delivers two core offerings: end-to-end claims handling and Dynamic Claim Review (DCR), both powered by proprietary AI designed to work alongside adjusters rather than replace them. For active claims, the system surfaces coverage and liability insights and drafts tailored communications, enabling adjusters to concentrate on critical decisions. DCR provides expert-led analysis of entire claims portfolios, delivering faster and deeper reviews than traditional audits.
“Elysian is bringing purpose-built innovation to the core of commercial claims operations. Their platform provides adjusters with the tools to deliver better outcomes, and we’re excited to support the team in their next phase of growth,” said Ricky Lai, General Partner at Portage.
“Digital TPAs have long been the goal, but delivering this product wasn’t possible before modern AI,” added Minnie Ingersoll, Partner at TenOneTen. “Elysian stood out to us by tackling complexity from the outset and building systems that reflect how adjusters work.”
“We strongly believe the full category of claims administration will be transformed by modern software, predictive modeling, and generative AI,” said Kyle Beatty, Managing Director at American Family Ventures. “We are excited to support Elysian as they modernize one of the most challenging and highest-value segments of commercial claims.”
Purpose-built for nuanced, context-rich claims that traditional TPAs and tech-enabled vendors often avoid, Elysian’s long-term vision is to improve outcomes for carriers and claims professionals by reimagining claims services with modern technology and experienced leadership at its core.
