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Justos, a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 million Series A round of funding led by Ribbit Capital.
Jupiter, a global climate modeling and technology startup, has nailed down a $54 million financing round – money that will help accelerate sales and marketing efforts. A big boost in research and development is also in the cards.
Claim Genius, a rapidly emerging global InsurTech leader of AI-based claims solutions advancing the automotive industry, announced the closing of its $6 million Series A3 funding round today, following its earlier funding of $7.8M; now totaling $14.8M to-date.
Plum Life Inc announced today it closed a $2.45M seed round led by Sonostar Ventures, LLC back in Q2 of this year.
Bowtie, the first company to receive a virtual insurance licence in Hong Kong, has raised US$22.6 million (SG$30.4 million) in its series B1 funding round, led by Mitsui & Co., with participation from existing investor Sun Life Hong Kong.
Insurtech startup Lydia AI, formerly Knowtions Research, has raised $10 million CAD ($8 million USD) to launch the first series of insurance products using its health score technology in Taiwan, as it targets the Asia-Pacific insurance market.
For independent retailers, inventory financing is often a complicated and lengthy process that ties up their working capital. BondAval, an insurtech startup with offices in London and Austin, Texas, is focused on helping them access better credit terms while providing assurance to suppliers that they will be paid on time.
Weecover, a Spanish startup specialising in embedded insurance, has raised €2.3M in its seed round of funding.
Avo Insurance Company, which identifies as Hong Kong’s first virtual general insurance company, has secured an additional $33.4m in funding.
Health insurance technology startup Devoted Health has raised a whopping $1.15 billion in a Series D funding round. After the round closed, the company’s valuation reached $12.6 billion.
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