Loading organizations...
§ Private Profile · IL, USA
commercial auto insurance for trucking fleets, using telematics and computer vision for safety and compliance.
High Definition Vehicle Insurance has raised $96.0M across 3 funding rounds.
Key people at High Definition Vehicle Insurance.
High Definition Vehicle Insurance has raised $96.0M in total across 3 funding rounds.
High Definition Vehicle Insurance (HDVI), based in Chicago, Illinois, offers commercial auto insurance for small and mid-size trucking fleets, leveraging telematics data and computer vision for risk assessment and operational compliance. The company raised $16 million in Series A funding in August 2020, led by 8VC and Munich Re Ventures, and had 25 employees as of mid-2020, with its risk models built on 3.5 billion miles of Class 8 truck data. Additional investors include Qualcomm Ventures and Autotech Ventures, supporting HDVI's focus on a sector historically underserved by insurtech innovation. Co-founder Chuck Wallace previously co-founded Esurance, while Reid Spitz was a former venture capital investor in insurtech and logistics. HDVI was founded in 2018 by Chuck Wallace and Reid Spitz.
Key people at High Definition Vehicle Insurance.
High Definition Vehicle Insurance has raised $96.0M across 3 funding rounds. Most recently, it raised $40.0M Other Equity in February 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 12, 2025 | $40M Venture Round | 8VC, Autotech Ventures, Munich RE Ventures, Weatherford Capital | — | Announced |
| Feb 1, 2025 | $40M Series U | 8VC, Autotech Ventures, Munich RE Ventures, Weatherford Capital | Mosaic Ventures, Munich RE / HSB Ventures, Vine Ventures LP | Announced |
| Aug 1, 2020 | $16M Series A | — | Vine Ventures LP | Announced |
High Definition Vehicle Insurance has raised $96.0M in total across 3 funding rounds.
High Definition Vehicle Insurance's investors include 8VC, Autotech Ventures, Munich Re Ventures, Weatherford Capital, Mosaic Ventures, Munich Re / HSB Ventures, Vine Ventures LP.
High Definition Vehicle Insurance (HDVI) is a technology-first commercial auto insurance provider specializing in dynamically priced policies for the trucking industry. It leverages telematics data from fleet vehicles to assess risk accurately, offer safety tools, and provide monthly premium discounts up to 20% for safe driving through its flagship HDVI Shift policy.[1][3][4][5] HDVI serves commercial truck fleets and insurance agents, solving high loss ratios, litigation, and fraudulent claims by integrating real-time data for better risk management, driver rewards, and efficient claims processing—delivering average customer savings of over $30,000 annually.[1][2][4] With reported revenue of $79.4 million and 85 employees, HDVI has gained momentum, earning recognition as Standout MGA of the Year at the Excellence in Insurance awards.[2]
Headquartered in Chicago, Illinois, with offices in Greenville, South Carolina; Columbus, Ohio; Portland, Oregon; Dallas; and San Francisco, HDVI's mission is to bring commercial transportation insurance "into high definition" while making roads safer—backed by analysis of 3.5 billion miles of Class 8 truck data, where 95% of customers see reductions in hard braking or speeding in their first year.[3][4]
HDVI was founded in 2018 (with some sources noting 2017) by a team of insurance and trucking experts aiming to tackle longstanding challenges in commercial auto insurance, such as inaccurate risk pricing and poor safety incentives.[1][3][6] Led by President and CEO Adam Barnett, the company emerged from the need for data-driven solutions in an industry plagued by rising costs and inefficiencies, starting with a focus on telematics integration for precise underwriting.[3]
Early traction came from partnerships like Verizon Connect, tapping into ELD and dashcam data, and collaborations such as with Nexar for self-installed dashcams to enhance safety and claims.[1][4] Pivotal moments include launching HDVI Shift for dynamic discounts and distributing ~$150k annually in driver safety rewards, fueling growth amid commercial trucking's push for smarter risk tools.[3][5]
HDVI rides the telematics and AI revolution in insurtech, capitalizing on ELD mandates, dashcam proliferation, and big data to transform commercial trucking—a $800B+ U.S. market facing 20-30% loss ratios from accidents and fraud.[1][3] Timing is ideal post-2018 ELD rules and amid e-commerce-driven fleet growth, where real-time data enables usage-based insurance (UBI), reducing premiums for 95% of adopters while curbing systemic risks like litigation.[1][3][4]
By influencing ecosystems through partnerships (Verizon, Nexar) and tools that reward safety, HDVI pushes the industry toward preventive models, lowering overall road risks and enabling scalable fleet operations in a fragmented broker-led space.[1][4][5]
HDVI is poised for expansion by deepening AI-telematics integrations and entering adjacent verticals like brokers or international fleets, building on $79M revenue and safety reward distributions. Trends like autonomous trucking data and climate-driven risk modeling will amplify its edge, potentially evolving it into a full-stack risk platform. As insurtech matures, HDVI's data moat could redefine trucking insurance, delivering safer roads and fatter margins—proving modern policies truly bring the industry into high definition.[2][3]
