Category: Funding

US-based VC firm Altai Ventures has launched a new US$53mn fund to invest in early-stage insurtech startups, with the backing of Bain Capital Ventures.

Oka, a Park City, UT-based carbon Insurance company, raised over $7M in Seed funding. The round was led by Aquiline Technology Growth with participation from Firstminute.

The South African insurtech startup Naked, which is xpowered by artificial intelligence (AI) and provides customers with a new, entirely digital approach to insure their vehicles, houses, and belongings, has acquired US $17 million in Series B investment to fuel its expansion.

The infrastructure vendor will roll out new technology solutions designed to power the next generation of insurance experiences in Africa.

FINEOS Corporation today announced the appointment of Ian Lynagh as Chief Financial Officer. Lynagh had been working closely with the CFO in his role as the company’s chief commercial officer.

The Indian insurance platform InsuranceDekho has raised $150 million in a Series A funding round as the firm eyes merger and acquisition opportunities at a time when the market slump has engulfed most startups in the South Asian nation.

Asset-Map Holdings, Inc. (“Asset-Map”), the premier financial advice engagement experience for financial professionals, today announced the close of a $6 million Series B funding round.

Millennials and Gen Zers will represent 75% of the U.S. workforce by 2025 and will come to represent a huge chunk of the buying power in the economy. Industries across the board are adjusting to this vastly different consumer market, and insurance is no exception.

Coincover, a Cardiff, UK-based digital asset protection technology company, raised $30M in funding. The round was led by Foundation Capital.

Automation tech continues to attract funding in an increasingly challenging macroeconomic environment. That’s because of its cash-saving potential, no doubt.