---
title: "Insurtech funding a 'tale of two cities': Altamont Capital Partners’ Zuk"
description: "\"Discover the contrasting funding landscape for #insurtech companies, as AI startups thrive and traditional firms face challenges, according to Altamont Capital Partners' Joe Zuk. #fundingtrends\""
image: https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg
---

# Insurtech funding a 'tale of two cities': Altamont Capital Partners’ Zuk

[![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hubfs/insurance_nerds_logo.png) Insurance Nerds Editorial Team ](https://insnerds.com/news/author/insurance-nerds-editorial-team) :  Jun 11, 2026 5:54:10 PM

![Insurtech funding a 'tale of two cities': Altamont Capital Partners’ Zuk](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg)

## Insurtech Funding Trend Highlighted by Altamont Capital Partner

The current funding landscape for insurtech companies is experiencing a dichotomy, according to Joe Zuk, operating partner at Altamont Capital Partners. Zuk notes that while newer startups focusing on artificial intelligence are seeing increased investment interest, more traditional insurance firms are encountering difficulties in securing early-stage funding.

**Original Source:** [https://www.theinsurer.com/tv/news-in-focus/insurtech-funding-a-tale-of-two-cities-altamont-capital-partners-zuk-2026-06-11/](https://www.theinsurer.com/tv/news-in-focus/insurtech-funding-a-tale-of-two-cities-altamont-capital-partners-zuk-2026-06-11/)

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[![Gallagher Re: AI-centered companies claim record 95% of global insurtech funding in Q1 2026](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ](https://insnerds.com/news/gallagher-re-ai-centered-companies-claim-record-95-percent-global-insurtech-funding-q1-2026)

#### [Gallagher Re: AI-centered companies claim record 95% of global insurtech funding in Q1 2026](https://insnerds.com/news/gallagher-re-ai-centered-companies-claim-record-95-percent-global-insurtech-funding-q1-2026)

![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hs-fs/hubfs/insurance_nerds_logo.png?width=30&name=insurance_nerds_logo.png) [Insurance Nerds Editorial Team](https://insnerds.com/news/author/insurance-nerds-editorial-team) : May 7, 2026 4:28:36 AM

AI-focused Insurtechs Secure 95% of Global Funding in Q1 2026, per Gallagher Re Artificial intelligence-labeled insurtech companies accounted for...

[Read More](https://insnerds.com/news/gallagher-re-ai-centered-companies-claim-record-95-percent-global-insurtech-funding-q1-2026)

[![Top insurtech funding rounds, January 2026](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ](https://insnerds.com/news/top-insurtech-funding-rounds-january-2026)

#### [Top insurtech funding rounds, January 2026](https://insnerds.com/news/top-insurtech-funding-rounds-january-2026)

![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hs-fs/hubfs/insurance_nerds_logo.png?width=30&name=insurance_nerds_logo.png) [Insurance Nerds Editorial Team](https://insnerds.com/news/author/insurance-nerds-editorial-team) : Feb 9, 2026 9:19:01 PM

Overview of Insurtech Funding in January 2026 January 2026 saw continued activity in the insurtech sector, with around 40 funding events reported....

[Read More](https://insnerds.com/news/top-insurtech-funding-rounds-january-2026)

[![Exclusive: Cyber insurtech MGA Converge looking to raise up to $30 million in Series B funding, sources say](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ](https://insnerds.com/news/exclusive-cyber-insurtech-mga-converge-looking-to-raise-up-to-30-million-in-series-b-funding-sources-say)

#### [Exclusive: Cyber insurtech MGA Converge looking to raise up to $30 million in Series B funding, sources say](https://insnerds.com/news/exclusive-cyber-insurtech-mga-converge-looking-to-raise-up-to-30-million-in-series-b-funding-sources-say)

![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hs-fs/hubfs/insurance_nerds_logo.png?width=30&name=insurance_nerds_logo.png) [Insurance Nerds Editorial Team](https://insnerds.com/news/author/insurance-nerds-editorial-team) : Aug 1, 2025 8:42:26 PM

Converge Targets $30 Million in Series B Funding Converge, a player in the cyber insurance sector, is looking to secure up to $30 million in Series B...

[Read More](https://insnerds.com/news/exclusive-cyber-insurtech-mga-converge-looking-to-raise-up-to-30-million-in-series-b-funding-sources-say) 

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