Anthony R. O’Donnell // September 4, 2025 
(Image credit: Adobe Stock.)
Elysian (Nashville, Tenn.), the AI-native third-party administrator for commercial insurance, has raised $6 million in a seed round led by Portage (Toronto), with participation from American Family Ventures (Madison, Wis.) and TenOneTen Ventures (Los Angeles). Founder and CEO Grace Hanson says the round represents an inflection point for the company and comes at a moment when insurers are newly receptive to the role of AI in claims.
Grace Hanson, Founder & CEO, Elysian.
“We are at a tipping point,” Hanson comments. “The market wants