Foxquilt
Foxquilt is a Toronto-based insurtech MGA that delivers commercial insurance to US and Canadian small businesses via its proprietary Foxden platform, serving eCommerce sellers, contractors, and personal services professionals with 24/7 instant quoting and cross-border coverage.
- Company typePrivate
- Founded2017
- HeadquartersToronto, Canada
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Foxquilt does
Foxquilt Insurance Services Inc. is a Toronto-headquartered Managing General Agent (MGA) and licensed insurance broker founded in 2017 that delivers commercial insurance to small businesses across the United States and Canada. The company targets underserved SMB segments—eCommerce sellers (Amazon, eBay, Wayfair, Etsy), trade contractors (plumbers, electricians, carpenters, HVAC, handymen), personal services professionals (fitness trainers, hair salons, event planners, beauty), and adjacent niches such as medical spas and health/wellness coaches—offering tailored Commercial General Liability, Workers' Compensation, Professional Liability, Commercial Property, Commercial Auto, Cyber, Umbrella, D&O, Crime, Builders Risk, and Surety coverage.
The company's core technology is Foxden, a proprietary end-to-end digital insurance platform that supports 24/7 instant quoting, real-time binding, and automated policy document delivery. Foxden's differentiating capabilities include a multi-ISO rating engine that prices risk accurately across more than 500 business classes, instant 24/7 binding with no underwriting holds, blanket additional insured coverage, unscheduled equipment coverage, and a unique cross-border US-Canada single-policy capability. The platform is delivered through three GTM motions: direct self-serve to SMB customers, agent/broker partner access via Foxden, and an embedded enterprise program that distributes Foxquilt's products through partner platforms such as Angi, Jobber, Jiffy, Pro Referral (Home Depot), and the Bold Penguin Terminal exchange.
Foxquilt generates revenue as a licensed broker earning commissions of 12.5%-20% on premiums (varying by line of business: Personal Auto, Personal Property, Commercial Auto, Commercial Property), supplemented by contingent profit commissions tied to volume, mix, retention, and loss ratios. Capacity is provided by Markel in the United States and by Greenlight Re and Lloyd's Syndicate in Canada. The company has raised approximately $23.5M across four funding rounds through 2023, with Luge Capital and ICM among its lead investors, and operates with 51-100 employees.
Foxquilt firmographics
Firmographics- Name
- Foxquilt
- Legal name
- Foxquilt Insurance Services Inc.
- Website
- https://foxquilt.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Foxquilt is a Toronto-based insurtech MGA that delivers commercial insurance to US and Canadian small businesses via its proprietary Foxden platform, serving eCommerce sellers, contractors, and personal services professionals with 24/7 instant quoting and cross-border coverage.
- Ownership category
- akta.pro rank
Foxquilt industry classification
Industry- Product category
- Small Business Commercial Insurance
- NAICS
- Insurance Agencies and Brokerages (52421), Insurance Agencies and Brokerages (524210), Direct Property and Casualty Insurance Carriers (524126)
- SIC
- Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Surety Insurance (6351)
- akta.pro primary industry
- Mid-Market Commercial Package (Package Policies) (FSAJAFAB)
- akta.pro secondary industries
- Commercial General Liability (CGL) (FSAJADAA), Premises/Operations Liability Umbrella / Excess (FSAJANAL)
Keywords
Where Foxquilt is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Foxquilt business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Insurance Brokerage Commissions: Foxquilt operates as a licensed insurance broker receiving commissions as a percentage of insurance premiums paid by customers, paid by insurance carrier partners. Commission percentages range from 12.5% to 20% depending on insurance type (Personal Auto, Personal Property, Commercial Auto, Commercial Property). Additional Contingent Profit Commission agreements may provide extra compensation based on volume, mix of business, retention and loss ratios.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Custom tailored insurance policies for small businesses |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Foxquilt product offering
Product offeringCore offering
Foxquilt is a North American insurtech and Managing General Agent that sells customized small business commercial insurance—general liability, professional liability, workers' comp, cyber, commercial property, commercial auto, umbrella, and specialty coverages—bundled into profession-specific packages for contractors, eCommerce/marketplace sellers, and personal services providers. Policies are underwritten by Markel (US) and Greenlight Re/Lloyd's (Canada) and are purchased through the proprietary Foxden platform that delivers 24/7 instant quoting and binding with a unique cross-border US-Canada single-policy option.
Product overview
Foxquilt is a North American insurtech company operating as a Managing General Agent (MGA) that provides embedded customizable insurance solutions for small businesses. The company offers a unified platform-plus-products architecture centered on the Foxden technology platform, which enables 24/7 online quote and bind capabilities for agents and brokers. Foxquilt's core insurance products include Commercial General Liability, Workers' Compensation, Professional Liability (E&O), Cyber Insurance, Commercial Property, Commercial Auto, and specialty coverage lines. The company serves various market segments through tailored profession-specific insurance products including eCommerce (Amazon, eBay, Wayfair sellers), Contractors (plumbers, electricians, carpenters, HVAC, handymen), Personal Services (fitness trainers, hair salons, event planners), Health & Wellness (medical spas, coaches), and other professional categories. Foxquilt operates across the U.S. and Canada, backed by carriers including Markel, Greenlight Re, and Lloyd's. The company offers partner programs for Enterprise Partners, Agent/Broker Partners, Program Partners, Broker Partners, and Carrier Partners, along with a Partner Marketplace connecting small business networks with complementary service providers.
Differentiator
Problem solved
Functional benefit
Brands
- Foxden: Foxquilt's technology platform enabling agents and brokers to quote and bind small business insurance policies online 24/7.
Products and services
- Foxden Platform
- Commercial General Liability Insurance
- Professional Liability (E&O) Insurance
- Workers' Compensation Insurance
- Cyber Insurance
- Commercial Property Insurance
- Commercial Auto Insurance
- Umbrella Insurance
- Management Liability (D&O) Insurance
- Crime (Employee Dishonesty) Insurance
- Builders Risk Insurance
- Surety and Bonds
- eCommerce Insurance
- Contractors Insurance
- Personal Services Insurance
- Amazon Seller Insurance
- Medical Spa Insurance
- Enterprise Partner Program
- Agent/Broker Partner Program
Quantifiable outcome
- Up to 35% savings on insurance premiums compared to traditional insurers
- +3 more outcomes
Companies that use Foxquilt
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles3 records
Foxquilt technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature4 records
Foxquilt partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Bold PenguincoreBold Penguin partnered with Foxquilt to expand commercial general liability coverage options for insurance agents. The integration enables faster quoting and binding capabilities for agents via the Bold Penguin Terminal platform. This collaboration aims to improve access to tailored protection for small businesses across various sectors.
- Bold PenguincoreFoxquilt partnered with Bold Penguin as a digital MGU to expand admitted commercial general liability coverage options for insurance agents through the Bold Penguin Terminal platform. The integration enables agents with Foxquilt market access to quote and bind policies directly, with instant quoting and 24/7 binding capability across 500+ classes.
- London UnderwritersminorLondon Underwriters, a wholesale insurance broker, has maintained a partnership with Foxquilt between 2019 and 2025 as part of their network of insurance product partnerships.
- MarkelcoreMarkel is Foxquilt's primary US insurance carrier partner. Foxquilt is backed by Markel for US operations, providing admitted insurance products to small business customers.
- Greenlight RecoreGreenlight Re is Foxquilt's Canadian insurance carrier partner, providing capacity for Canadian small business insurance products alongside Lloyd's.
- Lloyd'scoreLloyd's Syndicate at Lloyd's provides insurance capacity for Foxquilt's Canadian operations, enabling cross-border coverage capabilities for small businesses operating in both US and Canada.
- JiffyminorJiffy is a home maintenance services platform that has partnered with Foxquilt to provide insurance solutions to home service professionals using their platform.
- AngiminorAngi (formerly Angie's List/HomeAdvisor) partnered with Foxquilt to provide insurance options for home service professionals and contractors who use the Angi platform to find customers.
- JobberminorJobber, a platform for service pros to manage their businesses, has partnered with Foxquilt to offer insurance products to their user base of home service contractors.
- Pro Referral (Home Depot)minorPro Referral (Home Depot's contractor referral network) partners with Foxquilt to provide insurance options for contractors in the Home Depot ecosystem.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
Foxquilt competitors and assessment
Company assessmentDirect peers
- Next Insurance: Direct competitor offering digital commercial insurance for small businesses, including contractors, personal services, and eCommerce sellers with instant online quoting and binding. Most direct comparable by product, customer segment, and digital MGA model.
- Thimble: Direct competitor providing short-term and annual small business liability insurance to micro-SMBs and solopreneurs, with embedded distribution and per-event policies. Strongly comparable in customer profile and self-serve digital motion.
- Pie Insurance: Direct competitor focused on digitally-enabled workers' compensation and commercial insurance for small businesses, particularly trades and services. Comparable in SMB focus, MGA-style structure, and embedded distribution strategy.
- CoverWallet: Direct competitor offering digital commercial insurance brokerage for SMBs across multiple lines, including contractors and eCommerce. Comparable in online platform, multi-line SMB focus, and agent/broker partnerships.
- Bold Penguin: Both a partner and a peer — Bold Penguin runs a commercial insurance exchange where Foxquilt is integrated as an MGU. Comparable in targeting SMB commercial lines via a digital exchange used by agents.
- Insureon: Direct competitor distributing commercial insurance online for small businesses including contractors, eCommerce, and professional services. Comparable in SMB vertical focus and digital brokerage model.
- Embroker: Digital commercial insurance broker serving SMB and mid-market segments with a tech-forward platform. Comparable in commercial lines focus and tech-led brokerage distribution.
Broad incumbents
- Hiscox: Established specialty insurer with a strong small business division (Hiscox Small Business) offering contractor and professional liability online. Overlaps with Foxquilt in SMB commercial lines but as a broader incumbent carrier.
- Markel: Specialty insurer that is both Foxquilt's US capacity partner and a broader competitor in small commercial lines. Comparable through overlapping product lines and SMB appetite.
- Travelers: Large incumbent carrier with small commercial and contractor offerings through independent agents. Overlaps with Foxquilt in contractor and SMB commercial lines, but operates through traditional agency distribution.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Foxquilt social profiles
Digital presenceFoxquilt financial estimates
Financial estimateRevenue estimate
Valuation estimate
Foxquilt leadership team
Management profileNumber of profiles
Profiles5 records
Foxquilt funding detail
Funding detailFunding overview
Funding rounds4 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Foxquilt M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Foxquilt
What does Foxquilt do?
Foxquilt is a North American insurtech and Managing General Agent that sells customized small business commercial insurance—general liability, professional liability, workers' comp, cyber, commercial property, commercial auto, umbrella, and specialty coverages—bundled into profession-specific packages for contractors, eCommerce/marketplace sellers, and personal services providers. Policies are underwritten by Markel (US) and Greenlight Re/Lloyd's (Canada) and are purchased through the proprietary Foxden platform that delivers 24/7 instant quoting and binding with a unique cross-border US-Canada single-policy option.
Is Foxquilt a public or private company?
Foxquilt is a private company. It is classified as venture growth investor backed and is currently operating.
When was Foxquilt founded?
Foxquilt was founded in 2017. It employs 51 to 100 people.
Where is Foxquilt based?
Foxquilt is headquartered in Toronto, Canada, in the North America region.
How does Foxquilt make money?
One revenue line is on record: insurance Brokerage Commissions.
Who are Foxquilt's main competitors?
Direct peers on record are Next Insurance, Thimble, Pie Insurance, CoverWallet, Bold Penguin, Insureon and Embroker. Broad incumbents are Hiscox, Markel and Travelers.
Does Foxquilt have an API?
No public API is recorded for Foxquilt.
What industry is Foxquilt in?
Foxquilt's product category is Small Business Commercial Insurance. Its primary akta.pro industry code is FSAJAFAB, Mid-Market Commercial Package (Package Policies), with a secondary code of FSAJADAA, Commercial General Liability (CGL). Its NAICS code is 52421 and its SIC code is 6411.