Funding News

Travel and fintech startup Battleface has won the backing of Drive Capital in a Series A round to the tune of $12 million.

Backed by Elefund, Fremont Group, Human Capital, and other investors, the Embedded Insurance® technology company is expanding its platform.

Getsafe, the digital-first insurance startup that initially launched with an app for home contents insurance, has closed $30 million in Series B funding.

Berlin-slash-Tokyo-based cross-selling insurance platform simplesurance has raised a €15 million convertible loan from Allianz X, a current investor in the company.

French insurtech company Luko has raised €50 million in Series B funding led by EQT Ventures. Existing investors Accel, Founders Fund and Speedinvest also participated in the round, alongside angels with insurance and technology backgrounds, including Assaf Wand, the CEO and co-founder of US unicorn Hippo Insurance.

Artivatic.ai, an asset-light insurtech and healthtech startup, has raised bridge funding led by Scale Ventures and existing investor IAN. The funding proceeds will be utilized by the startup for research and development by investing in cutting-edge technology solutions, especially aimed at scaling sales and delivery.

Asistensi receives the support of Mundi Ventures and Mountain Nazca to accelerate its international expansion.

Matic, a leading digital insurance agency, announced today the close of a $24 million funding round led by IA Capital.

Insurtech Metromile announced Tuesday that it is the latest fintech to go public via a SPAC (special purpose acquisition company) at a valuation of $1.3 billion.

Spanish insurtech start-up Bdeo, the leading firm of its kind in Spain and Latin America, is in the process of launching and building a team in the UK following a €5m raise

Pier, leader in full-stack insurance in Latin America, has recently received a US$ 14.5 million Series A investment led by monashees — pioneer venture capital fund in Latin America, leader in unicorn creation — and with the participation of Canary, Mercado Livre and BTG Pactual

Hippo Insurance, the well-known insurtech that offers homeowners insurance, has raised fresh capital as it weighs going public next year

On a mission to revolutionise corporate health insurance, Indian employee insurance provider Plum has announced fundraising of $4.1 million, led by Sequoia Capital India’s Surge and Tanglin Venture Partners

Hippo Enterprises announced a capital investment of $350 million from Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc.

NY-based cloud-based platform for managing the entire insurance distribution lifecycle, Novidea, has announced the successful completion of $15 million in Series B financing

Metromile is revolutionizing the fragmented $250+ billion U.S. personal auto insurance market with real-time digital auto insurance personalized for low-mileage drivers. About two-thirds of U.S. drivers are considered low-mileage and could be overpaying for auto insurance because they do not pay per mile

Tencent Holdings Ltd. is investing about $150 million in Waterdrop Inc. to bankroll the Chinese startup’s expansion in health-care crowdfunding, according to people familiar with the matter

“We are committed to maintaining our strong position of financial stability and flexibility, while continuing to allocate capital to the highest ROIC (return on invested capital) opportunities.”

Mumbai-based online insurtech startup Turtlemint has raised $30 Mn in Series D funding round led by GGV Capital, American Family Ventures, MassMutual Ventures and SIG

The company currently partners with Aetna, Cigna, United, Oxford, and Oscar

Turaco, a Kenya-based micro-insurtech startup has secured $2-million in series seed equity investment from Novastar Ventures, Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acron, and several angel investors.

Buoy Health, a startup that makes a widely used Covid-19 symptom checker, has raised $37 million from investors including the venture arms of major insurers Cigna Holding Co., Humana Inc. and UnitedHealth Group.

Denver-based Highwing, an insurance technology company born out of IMA Financial Group to help commercial insurance brokers and carriers accelerate workflows through its open data platform, announced that it has closed a $4M fundraising round.

Based in Hong Kong, Coherent helps insurance providers go digital. With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. The Series A round, led by Cathay Innovation with participation from Franklin Templeton, will be used to grow Coherent’s client base in Asia, including insurers who want to add more digital services to their usual sales processes because of the pandemic.

Laka, a collective-based insurer of cyclists, has today publicly launched its funding round with Seedrs and already smashed the £1million target as people recognise the pandemic’s effect on altering people’s mobility plans.

Insurer American International Group Inc., which plans to separate its life and retirement business from the rest of the company, said on Friday it was considering options for the business, including an initial public offering or a stake sale of nearly 20%.

AI leader Ushur today announced $25M in Series B funding, fueled by a rapidly modernizing insurance industry and a growing demand for self-service customer experiences.

Global insurer and reinsurer AXA has confirmed that it will provide a capital injection of potentially €1 billion to its AXA XL unit to shore

When it comes to using algorithms and other formulae to determine what kinds of services you might offer to specific customers and at what price,

Through a round led by Cathay Innovation, the firm seeks to enable the digital transformation of the enterprise in insurance, financial services and other industries.

The Series C funding will be used to accelerate innovation by giving consumers a cutting-edge means of sharing health data with the enterprises and researchers

The investment round will be used to recruit top-tier talent and aggressively expand Assurely’s technology infrastructure and to bring more products to market rapidly. Assurely,

San Francisco-based renters insurance MGA Goodcover has raised $7.5 million in Series A financing led by Goodwater Capital, with participation from Fuel Capital, Broadhaven Ventures,

Superscript, the business insurance challenger, has announced a new £8.5 million fundraise, led by existing investor, BHL Holdings, alongside investment from the Government’s Future Fund,

Re/insurance broker Willis Towers Watson (WTW) has reported that insurtech firms raised a total of $2.5 billion across 104 deals during the third quarter of

Brooklyn-based life insurance provider Fabric Technologies  announced it has raised $18 million in Series B funding, led by CNO Financial Group. The funding round was

Automobile insurance startup Root Inc sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4

Insurtech firm Cover Genius has teamed up with Intuit to offer a new parametric earthquake policy, which is backed by capacity from Swiss Re and

The funding will be used to enhance the company’s scalable CohereNext platform that is built on next-generation cloud and data technologies and provides interoperability to

An entrepreneur who started health benefits company Definity Health and sold it to UnitedHealth Group for $300 million is looking to shake up the health

San Francisco-based commercial insurance broker Newfront Insurance announced it has raised over $100 million, valuing the company at $500 million. The company’s lead investors are

Automobile insurance startup Root Inc said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq,

China Ping An Insurance Overseas Holdings, the main offshore investment and asset management platform of Ping An, together with its subsidiaries, have announced the successful

After rumors swirled late last week that Telefonica was negotiating over a potential investment to build a fiber optic network for under-supplied areas of Germany,

Matic Insurance announced the close of a $24 million funding round led by IA Capital Group. Founded in 2014 and a team of ~134, Matic

Now valued at $2 billion, Unqork will use the new investment to grow its salesforce, invest in its technology, and expand training for its partnerships

Insurance tech company Cover Genius has scored $15 million in fresh funding from King River Capital and Leap Capital as it looks to win more

Home services and insurance start-up Hometree has raised £7 million in a funding round that will help it capitalise on a spike in demand amid

Root, Inc., the parent company of Root Insurance Company, announced that it publicly filed a registration statement on Form S-1 with the U.S. Securities and

Australian insurtech startup Integrity Life has announced a $43 million series B round of funding, raised before and during the COVID-19 pandemic. The majority of