Tugboat, a consumer insurance platform that helps homeowners with property damage a
nd insurance claims, announced an oversubscribed $3 million in seed funding to scale its platform and offer expanded claim support for homeowners.
The round was led by ResilienceVC with participation from South Dakota First, gener8tor, Sure Ventures, Acumen America and other investors.
Tugboat was founded by former insurance adjusters Cameron Mooney and Aaron Mooney. The company gives homeowners access to information used by carriers use to manage their exposure for $99 per year.
The platform is managed by an agentic AI pipeline, and it nalyzes carrier correspondence, generates denial disputes and regulatory filings, and delivers guid
ance. The service includes letter writing, denial challenges, estimate comparison, negotiation guidance and support from first contact through final payment.
The Simi Valley-based company said the funding will support: building a fully integrated, partner-ready platform with API connections to major property management systems; accelerating embedded business-to-business dist
ribution through partnerships with multifamily property owners, lenders, and restoration networks; an
d sustaining Tugboat’s free disaster-response program, which activates during designated disaster events with no membership required.
“We’re honored to continue investing in the game and creating experiences that bring tog
ether players, fans, partners and communities,” said Sentry CEO Pete McPartland. “We look forward to working closely with the San Diego community to shine a spotlight on everything that makes th
e region so special and continue our longstanding dedication of strengthening the communities we’re a part of.”
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Wisconsin-based Sentry previously sponsored a PGA tournament at The Plantation Course at Kapalua in Maui, Hawaii. The event, also named The Sentry, was canceled this year due to ongoing drought conditions in Maui.
In April the PGA announced it would discontinue the Maui tournament, temporarily leaving Sentry wit
hout a sponsored event. The PGA, meanwhile, needed a new sponsor for its Torrey Pines tournament after Farmers Insurance chose not to renew its contract as lead sponsor.
In stepped Sentry, who has a long-standing partnership with the PGA and professional golf.
