Category: Funding

There were about 25 funding rounds in the insurtech sector between March 1 and March 31, 2022, according to a review by Digital Insurance. What follows is a selection of the funding rounds, focusing on those in the P&C and life insurance sectors that are part of the venture-capital financing model.

‘- Life and retirement arm indicated to have $29 billion value

– Proposed terms for AIG selling shares in unit to be set later

Zesty.ai, a San Francisco, CA-based provider of predictive data analytics in the climate risk space, received $10M in venture debt financing.

Buckle, a digital financial services company aimed at the gig economy, has bagged a $15m upsizing for its term loan.

Consumers seem intrigued by the prospect of insurance products from big technology companies like Amazon, Google, Apple and Meta.

German technology firm Xempus has completed a Series D funding round, raising USD 70 million.

Ondo has become the first ‘insurtech’ firm to go public in the capital today, as listed acquisition vehicle Spinnaker Acquisitions snaps up the firm and brings it onto the London Stock Exchange.

The company will use the capital to invest in the growth of its core businesses of life, disability, home, and auto, as well as new no-exam life offerings and Policygenius Pro.

Sachin Bansal’s Navi Technologies, a fintech startup that offers customers insurance and loan products, has filed for a $440 million IPO as the 40-year-old entrepreneur who made his money by kick starting the e-commerce wave in the country once again makes a bold choice.