Anthony R. O’Donnell // October 16, 2025 
(Image source: MGT homepage.)
MGT (San Francisco), a vertically AI-native neo-insurer focused on small commercial risks, has closed an oversubscribed $21.6 million Series B funding round to accelerate its growth and product development. The round was led by Mubadala Capital (Abu Dhabi), with participation from Clocktower Ventures, Tacora Capital, and existing investors.
Michael Topol, Co-founder and Co-CEO, MGT.
The company plans to use the capital to expand its E&S lines presence across the U.S., further invest in proprietary