Funding News

Insurtech Coterie, which specialises in services for small businesses, has successfully secured a substantial US$27 million in funding during a post-Series B round. 

Empathy, a pioneering company revolutionising the approach to grief and loss, announced the successful closure of a US$47 million Series B funding round, spearheaded by Index Ventures, alongside notable contributions from General Catalyst, Entrée Capital, Latitude, and Brewer Lane. 

Sostengo, a leading insurtech based in El Salvador, has successfully closed a financing round amounting to $3.8 million, aimed at fueling its user growth across Latin America.

Vouch, a leading provider of business insurance services tailored for high-growth companies, has announced the successful closure of a $25 million Series C-1 funding round, with Ribbit Capital leading the investment.

The U.S. Federal Emergency Management Agency (FEMA) has solidified its commitment to bolstering the National Flood Insurance Programme (NFIP) by obtaining $575 million in reinsurance coverage through insurance-linked securities (ILS) reinsurance.

IDfy, a trailblazer in the realm of identity verification, has secured a substantial financial injection of $27 million in a recent funding round, signifying a pivotal moment for the company’s trajectory.

Fijoya, a specialised platform catering to health and wellness services tailored for employers, has successfully raised $8.3 million in a recent seed funding round.

Bluecyber.insure, a prominent player in the Insurtech sector specialising in cyber insurance within Brazil, has successfully secured a substantial financial boost, raising US$1.5 million in investment.

Healthee, a healthcare navigation startup formerly known as Insurights, has successfully raised $32 million in its latest Series A funding round.

Greek insurtech takes proactive stance against climate change, targets central and southern European markets

Intenseye, a leading provider of workplace safety solutions, has successfully closed a Series B funding round totaling $64 million.

Yurtle, a London-based insurtech focused on alleviating caregiver burnout in workplaces, has successfully concluded a Seed funding round amounting to £1.37 million.

Brazillian insurtech Loovi has successfully secured US$9 million in funding from prominent investors Marçal Holding and Oliveira Participações. 

Hearing health startup Tuned has successfully closed a $3.2 million seed extension round, with Unum Group leading the investment and Distributed Ventures also participating.

Berlin-based insurtech Embea has successfully concluded its seed funding round, securing €4 million in investments.

Cake, a transactional marketplace tailored for independent insurance agents, has closed a pre-seed funding round, raising $1.3 million.

Insurtech startup Buddy has raised US$7 million from 49 investors, bringing its funding total to $8 million

Bupa has announced the establishment of a US$20 million venture capital fund, known as Bupa Ventures, aimed at backing Australian healthcare startups.

Lloyds Development Capital Limited (LDC), a mid-market private equity house and subsidiary of Lloyds Banking Group, has thrown its investment weight behind Uinsure – a cloud-based insurtech that connects financial intermediaries and lenders with a panel of the UK’s insurers. 

MediConCen, an InsurTech company specializing in AI and blockchain-driven insurance claims automation, has secured $6.85 million in its latest Series A funding round.

Kin Insurance has secured a significant investment of US$15 million from Activate Capital, a new investor in the company.

Insurtech investment has seen a lot of challenges over the past 12 months, but January 2024 has seen some impressive raises from seed to series B. Insurtech Insights reports. 

Insurtech Wisedocs has announced the successful conclusion of its  Series A Funding Round, raising US$9.5 million. 

AVLA, a leading provider of surety and trade credit solutions, has successfully raised $25 million in funding from prominent investors, including Creation Investments Capital Management, DEG Invest, and Altra Investments.

MIC Global, a leading microinsurance provider, has announced the successful closure of a US$6 million seed funding round, signalling a significant milestone in its growth trajectory.

Ansel, formerly known as Brella, is making strides in transforming the supplemental insurance landscape by securing a US$20 million funding round led by Portage. 

Bharatsure, the Mumbai-based Insurtech startup that specialises inproviding Infrastructure-as-a-Service (IaaS) solutions tailored for insurance distributors, has successfully raised US$1 million (approximately 8.3 crore), with Capital-A taking the lead.

Mumbai-based insurtech startup Finhaat has successfully raised US$3 million (approximately INR 25 Crore) in a seed funding round.

OneDegree, Asia’s pioneering licensed insurer for digital assets, has joined forces with Dubai Insurance Co. to introduce digital asset insurance in the United Arab Emirates (UAE).

Singapore-based insurtech startup Igloo has raised $36 million in pre-Series C funding led by Eurazeo’s insurance tech fund.

Ondo InsurTech PLC (LSE: ONDO) has successfully raised US$1.3 million through a placement completed yesterday after the close of the market.

New York-based private equity firm Lightyear Capital LLC to join forces with existing investor BHMS Investments, LP in fuelling Inszone Insurance Services’ growth

CatX, a platform designed to facilitate the flow of alternative capital into the insurance sector, has successfully raised $2.7 million in seed funding.

London-based Insurtech startup, Diesta, has successfully concluded its seed funding round, securing an impressive $1.9 million in capital.

Insly, a software provider specialising in low/no-code technology platforms, has successfully raised US$1.8 million in venture debt funding from Hambro Perks.