Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Embattled Louisiana Law Firm Raised $40M from Florida Hedge Fund, Partner Says
Aug 11 2023 // McClenny Moseley & Associates, the embattled law firm that filed thousands of hurricane-damage lawsuits in Louisiana, raised a total of $40 million from private investors, one of its founding partners said during a...
Investors Double-Down on Cyber Insurtech Resilience With $100M Series D Round
Aug 7 2023 // Investors in cyber risk solution company Resilience have contributed again – $100 million in a series D equity financing round – a testament to the company’s business model and results, its leaders said. With...
Bain Capital Raises $1.15B for Its First Fund Dedicated to Insurance Investments
Jul 19 2023 // Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies in the sector, a senior executive told...
Claims Insurtech Tractable AI Raises $65M in Funding Led by SoftBank
Jul 18 2023 // Tractable, the London-based insurtech that uses artificial intelligence (AI) for visual claims assessments and disaster recovery, announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors...
HK-Based Virtual Insurer OneDegree Raises $27M in Fresh Funding Round
Jun 29 2023 // OneDegree Hong Kong Ltd., a virtual insurance firm, raised $27 million in a fresh funding round to fuel an Asia expansion and investments in artificial intelligence. The company attracted fresh cash from global financial...
Michigan’s Hagerty Raises $105M
Jun 27 2023 // Hagerty, Inc., an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, announced that the company is raising $105 million in capital from existing...
Insurtech Thinksurance Raises $24M
Jun 19 2023 // Thinksurance, a Frankfurt, Germany-headquartered insurtech specializing in digital insurance consultations for commercial and industrial clients in Europe, has raised $24 million in new funding. The capital comes from new...
R&Q Announces Capital Raise of $50M-$60M, Completes Reorganization
Jun 12 2023 // R&Q Insurance Holdings, (R&Q) the non-life speciality insurer that focuses on program management and legacy insurance business, announced a capital raise of $50 million to $60 million. In addition, it has completed...
Insify Raises €10 million Series A Extension Led By Munich Re
Jun 9 2023 // Insify, an insurtech for SMEs, has raised an additional €10 million, bringing its total Series A funding to €25 million. Munich Re Ventures led the extension round and was joined by existing investors including global...
IICF’s Blazing the Trail Benefit Raises $540,000 for Midwest Nonprofits
May 26 2023 // Acrisure and Greg Williams honored for philanthropic and insurance industry leadership CHICAGO, IL (May 23, 2023) – The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique nonprofit...
AXA Venture Partners to Raise €1.5 Billion Fund for Investments in Tech Startups
May 24 2023 // AXA Venture Partners announced a new €1.5 billion ($1.6 billion) late-stage fund to invest in European and North American tech startups, targeting companies that expect to go public within three to four years. French...
Travel Insurtech Faye Raises $10M in Series A Funding
May 23 2023 // Travel insurance startup Faye said it raised $10 million in series A funding just a year after launching its product in the U.S., bringing the company’s total funding to $18M. The round was led by Munich Re Ventures...
Obie Raises $25M Series B to Expand Embedded Insurance Technology
May 23 2023 // Insurtech Obie announced it has raised $25.5 million in a series B funding round led by Battery Ventures, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and investor...
Insurtech WeFox Raises $110 Million in Extension to 2022 Funding Round
May 17 2023 // Wefox Holding AG, an insurance-technology firm based in Berlin, raised $110 million to build a platform that will make its technology available to other insurers. JPMorgan Chase & Co. and Barclays Plc provided half the...
Novidea Raises $50 Million in Series C Funding
May 8 2023 // Novidea announced it raised $50 million in Series C funding, led by Battery Ventures with participation from Cross Creek – both new investors – and the company’s existing investors, Israel Growth Partners (IGP),...
INSHUR Acquires U.S. Transportation Agency ABI; Raises $26 Million
Apr 21 2023 // INSHUR, a global on-demand insurance provider, has acquired American Business Insurance Services in order to expand its operations across the U.S. The company also reported that it completed a capital raise of $26 million,...
Texas Luxury Auto Dealership Fined $15K for Firing Employee Who Raised COVID Concerns
Mar 29 2023 // When an employee of a luxury auto dealership in Austin learned a co-worker had tested positive for COVID-19 in December 2020, they alerted the company’s management and requested they notify other employees...
Insurtech Kin Increases Series D Funding Round to $109 Million
Mar 23 2023 // Kin, the direct-to-consumer home insurance company, announced it conducted a third close, an incremental $15 million, to its Series D round in the fourth quarter of 2022. The investment came from Geodesic Capital, QED...
Washington Greenhouse Gas Allowance Auction Raises $300M
Mar 10 2023 // Washington state’s first auction of greenhouse-gas pollution allowances has generated an estimated $300 million as companies, consumers and the Legislature get a glimpse of the cost of emitting greenhouse gases that...
IICF Southeast Division Raises over $1 Million for Charity at Annual Southeast Gala
Mar 9 2023 // CNA’s John Schramm & Texas Mutual’s Jeanette Ward honored with 2023 Southeast Philanthropic Leadership Award Dallas, TX., March 3, 2023 – The Insurance Industry Charitable Foundation (IICF), a unique...
