Green Shield raises $12 million

Green Shield Holdings, a Delaware-based insurance holding company, has raised $12 million in Series B preferred stock, according to an SEC filing. The company had previously raised $6.6 million in 2022 from Bindley Capital Partners.

Founded in 2023, Green Shield operates through its MGA subsidiary, Green Shield Risk Solutions , which focuses on property insurance in catastrophe-prone areas. The company recently acquired CartoFront, a flood risk insurtech, bringing its CEO Jason Harris onboard as SVP of Channel Partnerships.

Green Shield’s flagship product, Property Guardian InsurAble, provides wildfire risk analytics, insurability scoring, and broker connectivity to deliver bindable property insurance quotes.