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Advocate raises $18 million to bring pricing and coverage benchmarks to commercial insurance

Blog · Aug 17, 2026 · 6 min read

Advocate raises $18 million to bring pricing and coverage benchmarks to commercial insurance

Commercial insurance is the last trillion dollar market where a buyer cannot look up what something should cost. On August 4, Advocate came out of stealth with $18 million in seed funding and the industry's first standardized pricing and coverage benchmarks, built on $7.3 billion in real premium across 70,000 policies.

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