Category: Funding

Surer has raised US$1M in its seed round of funding from Norwegian private investment company Kistefos, global specialist insurer Markel Corporation through its insurtech investing arm, Markel Digital Investments, and an angel investor. Antler, a global early-stage venture capital firm, also invested in Surer in an earlier round.

At-Bay today announced the closing of a $20 million extension to the company’s Series D financing, adding new investor ION Crossover Partners.

The company makes it easier and created a more transparent process for people to get insured.

Getsafe, the digital insurer targeting millennial buyers in Germany and the UK, has expanded its Series B funding round to $93M.

The average penetration rate for insurance in Africa is between 3% to 5%. South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt.

Cover Whale, an Insurtech MGA focused on disrupting the commercial auto space, announced the completion of a $15.5 million fundraising led by investors Ambac Financial Group and TigerRisk Partners’ Applied Financial Technologies subsidiary.

Today, the car insurance industry is rife with bias; priced on things many would say has little or nothing to do with their driving.

Sure, an insurance infrastructure startup, announced today that it has closed on $100 million in Series C funding at a $550 million valuation.