Funding News

News regarding the future of funding is consistently gloomy, but insurtech startups and more established insurance companies are still winning new investment. Insurtech Insights has rounded up some of the biggest investment events to have taken place this month.

Newfront, the tech-driven insurance brokerage firm based in San Francisco, has introduced a powerful Total Rewards dashboard.

SpyCloud, a leading force in operationalising identity analytics for automating digital identity protection, has secured US$110 million in its latest funding drive.

Irys Insurtech, Inc. has successfully concluded a seed funding round, amassing an impressive US$3.5 million.

India-based Square Insurance Brokers, a firm authorised by IRDA under the Insurance Brokers Regulations of 2002, has just added another feather to its cap.

Venteur, the digital health startup helping companies provide personalised health insurance options to their employees, has closed a seed funding round at $7.6 million.

The Liberty Company, a prominent property/casualty insurance broker headquartered in Florida and renowned as one of the largest in the nation, has triumphantly unveiled its accomplishment in securing a substantial US$340 million funding injection.

FINEOS has impressively clinched a $40m investment to fortify its financial foundation in its latest funding drive.

The Demex Group, a tech-driven managing general agent (MGA), has successfully raised $5 million from a consortium of both existing and new investors, led by Blue Bear Capital.

On-demand insurance platform INSHUR has appointed Chris Wells as President of its fully owned Third-Party Administrator (TPA), Genoteq Claims Investigations.

The Berlin-based insurtech startup SureIn has closed a €4M Seed round for its mission to provide end-to-end insurance solutions to small and medium-sized businesses (SMBs).

FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, has today announced a new partnership with Hiscox.

Resilience, a leading cyber risk solution company headquartered in San Francisco, has successfully raised $100 million in a Series D equity financing round.

As the latest industry reports show insurtech funding to be falling, recent investment rounds, including several startups in the Middle East and Africa, are bucking the trend and scaling fast.

Private equity firm Bain Capital has successfully raised $1.15 billion for its inaugural fund dedicated exclusively to investments in the insurance industry.

Sigo Seguros, a rapidly expanding insurtech company renowned for its Spanish-first approach, delivers auto insurance services predominantly for immigrant and working-class communities.

Hepster, a leading embedded insurance startup, has raised $11 million in its latest funding drive and has emerged as a key player in the rapidly advancing insurtech landscape.

Guy Carpenter, a global risk and reinsurance specialist and subsidiary of Marsh McLennan, has finalised its acquisition of Re Solutions, an independent reinsurance broker headquartered in Israel

Last month, the insurtech sector saw more than 30 funding events take place globally. We’ve rounded up eight of the biggest funding events that span the insurance industry sectors.

Federato, an innovative Insurtech firm, introduced as the insurance industry’s premier RiskOps underwriting platform, disclosed today a successful $25m Series B fundraising round.

London, UK – Rnwl, a groundbreaking insurtech company dedicated to streamlining insurance purchase and management, has introduced its latest feature, ‘Instant Quotes,’ as the first in a series of innovative product line enhancements.

Reask, a prominent ClimateTech company specialising in natural hazard modelling, has recently announced a strategic partnership with InsurTech MGA Kettle.

Insurtech Insights talks to top CIDO and financial technology leader Ericson Chan, who shares his unique perspective on the future of insurtech

Atlanta-based insurance company Accelerant has successfully raised $150 million in a recent funding round led by Barings LLC, a global investment firm owned by MassMutual.

Slide Insurance, an InsurTech firm with a specialised focus on homeowners insurance, has announced a noteworthy stride in its financial journey.

Brent Williams entered the insurance industry 20 years ago, and since then, has accumulated a wealth of experience in insurance and financial services consulting.

Cover Whale Insurance Solutions, the commercial trucking insurance provider and rapidly growing insurtech, has has surpassed the £500 million mark in all-time written premiums.

Swiss Re has unveiled the 11th edition of its SONAR report, providing valuable insights into the evolving landscape of emerging risks.

Breach, an insurtech start-up that is building insurance technology and products for the growing cryptocurrency market, has been approved by the Bermuda Monetary Authority (BMA) to launch a new class IIGB insurer.

Reask, a climate analytics and technology-driven risk modelling firm, has successfully raised a total of £6.55m in investment funding, with its recent seed round attracting £4.6m.

Precedent, the insurance industry’s first Digitised Demand Handling technology, announced today that it has closed $9 million in Seed funding, provided by Adir Ventures (Adir).

Life5, formerly known as Getlife, has successfully raised $10.8 million in funding from investors Singular, Mundi Ventures, and Global Brain (Sony Financial Ventures).

Andrey Koptelov, an innovation Analyst at Itransition, discusses the transformational benefits of adopting RPA in the insurance industry.

Sami, a pioneering Brazilian insurtech and primary care startup, has successfully raised $18 million in their Series B funding round.

The London-based motor insurtech company, Marshmallow, has announced a significant milestone in its growth journey with the procurement of a $18.6 Million three-year revolving credit facility from investment firm Triple Point Private Credit.

Insurtech Obie has raised $25.5 million in its Series B funding round, following a $10 million Series A raise in 2021.

Embedded Insurtech bolttech has successfully raised US$196 million in its Series B funding round, putting the company’s valuation at $1.6 billion. 

Global InsurTech funding has surged by 37.6% in the first quarter of 2023, according to the latest Global InsurTech Report from Gallagher Re.

Marble, a digital wallet and loyalty platform for insurance, has secured $4.2m in funding from a round led by Distributed Ventures.

Novidea, a leading insurtech provider of a cloud-native, data-driven insurance management system, has announced that it has raised US$50 million in Series C funding.