Category: Funding

Tint, the platform that empowers companies to protect their end-users through unique embedded insurance products, today announced that it raised $25M in Series A funding.

There were 41 funding rounds in the insurtech sector between Jan. 1 and Jan. 31, 2022, according to a review by Digital Insurance. What follows is a selection of the funding rounds. A portion of the data was sourced from Crunchbase. For our previous edition, which covered the month of December, click here. These updates will continue monthly.

Denver-based Parsyl has raised $25m in Series B funding to expand its cargo insurance and risk management solutions.

Bolttech, an insurance technology unicorn backed by Hong Kong billionaire Richard Li, is considering raising $200 million to $300 million in fresh funds this year, according to people familiar with the matter.

Descartes Underwriting, the insurtech company that specializes in parametric natural catastrophe products, has announced a $120 million Series B funding round.

Ascend, the first modern insurance payments platform, today announced that they have raised a $30M Series A in equity funding, bringing the total funding raised to $39M along with a $250M lending commitment to finance insurance premium loans through its platform facilitated by Hudson Structured Capital Management Ltd. – doing its re/insurance business as HSCM Bermuda – an investment adviser that specializes in re/insurance, insurtech, and transportation investments.

In health care, the process of underwriting and claims analysis can be both labor-intensive and error-prone. Claim adjusters and underwriters are often required to read and carefully parse hundreds of documents per case. Each year, the insurance market invests an estimated more than $3 billion in work hours devoted solely to collating and summarizing medical records.

On a mission to build the leading e-mobility insurtech offering in Europe, London-based Laka has secured over €10.6 million for its unique insurance model.

Baobab, a Berlin, Germany-based cyber insurance company protecting organizations from existing and emerging cyber threats, raised $4.2m in pre-seed financing.

Sayata, a marketplace for insurance brokers and carriers, added $35 million to its latest funding round. The Insurtech previously raised $17 million five months ago, resulting in a total A round of $52 million.