Summit Raises 7.5M Series A to Build the Brokerage of The Future
Kelowna, BC - December 2nd
Summit Commercial Solutions, a rapidly scaling, tech-enabled commercial insurance brokerage, has closed a $7.5 million Series A round of investment led by a group of strategic insurance and technology investors including existing investor IA Capital and with new participation from Sorathia Holdings and Greenlight Re Innovations.
Since launching in 2022, Summit has grown into one of Canada’s fastest-growing independent brokerages - blending modern distribution, deep insurance expertise, and proprietary technology to deliver a radically better experience for Canadian businesses.
Ravi Shah from IA Capital said: “Summit is reimagining the broker model - using modern software, data, and AI to make producers more productive, not replace them. Since our investment, they’ve more than doubled top-line revenue and expanded into group benefits while building out internal wholesale capabilities. We’re doubling down and proud to partner with Josh, Davis, and the team as they continue to execute with urgency and set a new standard for how commercial insurance is distributed, serviced, and scaled.”
The funding will accelerate Summit’s vision of building the brokerage of the future through:
National Expansion
Expanding Summit’s footprint across Canada, with new offices, expanded talent acquisition vertical - with a focus on bringing new talent to the industry , and deeper presence in key markets.
Technology & AI Innovation
Doubling down on data infrastructure, workflow automation, and Summit’s AI-powered compliance platform Summit Sherpa, designed to modernize how property managers and businesses handle risk, verification, and policy management.
Product Expansion
Scaling new divisions - including Group Benefits, Private Client, and Summit’s emerging delegated underwriting authority ecosystem, to provide comprehensive insurance solutions across commercial, personal, and embedded lines.
Customer Experience at Scale
Continuing to build the industry’s best end-to-end customer journey for Canadian small-to-mid market businesses through efficiency, transparency, and modern service standards powered by technology and human expertise.
Leadership Commentary
Davis Gilbert, Co-Founder of Summit, said:
“Insurance touches every business in this country, yet the industry has been slow to evolve. Summit was built to change that — using data, technology, and modern workflows to deliver faster, clearer, and more transparent outcomes for clients.
This raise isn’t about scale for its own sake. It accelerates the infrastructure we’ve already validated across thousands of Canadian businesses:: that an independent, tech-enabled brokerage can win at national scale.”
Josh Pillsbury, Co-Founder of Summit, added:
“The next generation of great brokers won’t build their careers inside undifferentiated legacy systems. They want a platform that amplifies their impact. Summit is that platform—built with modern technology, fueled by AI, and designed for entrepreneurial brokers who want to win bigger and move faster.
This investment accelerates our ability to scale that vision nationally and deliver an unmatched experience for our clients and our people.”
About Summit Commercial Solutions
Founded in 2022 by Davis Gilbert and Josh Pillsbury, Summit is a national insurance brokerage and risk management firm headquartered in Kelowna, British Columbia shaping the future of commercial insurance through technology-driven risk management and insurance solutions.
Summit blends deep broker expertise with modern technology to support more than 2,500 businesses across Canada.
Media Contact
Davis Gilbert
Summit Commercial Solutions
Email: media@summitcover.ca
Website: www.summitcover.ca
